China A-share cultural and media sector surged. Zhaoxun Media hit a 20% daily limit-up; Evergrande High‑Tech, Publishing Media and Guangdong Media also capped gains. Baina Qiancheng, Dook Culture and Xinhua Media rallied.

JP Morgan said battery shares have materially underperformed in recent months as market focus has shifted from demand to profitability. The bank now rates all second-tier battery makers and battery materials and equipment coverage Neutral or Underweight and has cut earnings across the battery supply chain. JP Morgan still sees global EV and ESS battery demand rising 20–25% by 2027—above consensus—but warned profitability could deteriorate faster than expected and that profits are being reallocated across the EV supply chain. Price-target cuts: CATL (03750.HK) HKD725->HKD500; 03931.HK HKD40->HKD17; 00470.HK HKD45->HKD22. All three stocks were downgraded from Overweight to Neutral.

美国总统特朗普：如果企业想让自己的数据中心受到欢迎，就应向社区和/或社区内的个人支付“红利”。