China A-share property sector weakened late in the session; Yuehongyuan A hit its daily limit down, Shenwuye A had earlier hit the limit, while Tefa Service, Woaiwojia, Xiangjiang Holdings, Shenzhen Zhenye A and Tianjian Group also fell.

UK chancellor Healy said the government must embrace AI and invest in data centres to deliver a productivity revolution and help lift wages for ordinary workers. Healy said AI has the potential to attract large-scale investment into the UK and urged development of a sovereign AI capability to support growth and protect national security. Healy discussed the AI revolution with Fed chair Kevin Warsh during Warsh’s UK visit on Wednesday; Warsh said the US is already seeing early signs of AI-driven productivity and wage gains for ordinary workers and UK growth data may be showing initial signs as well. Prime Minister Burnham made a brief appearance at the meeting.

A-share lithography-equipment sector active; Wavelength Optoelectronics rose more than 13%. Zhangjiang Hi-Tech, Xinlai Yingcai, Haili Co., Maolai Optical and Fuchuang Precision also gained.