Chinese equities extended a broad-based rally, with CSI300 up 1.9% and ChiNext
surging over 4%, while FTSE China A50 futures rose more than 2%. Gains were
driven by improving macro sentiment as CPI/PPI data pointed to early reflation,
alongside abundant liquidity conditions in money markets. Policy support also
lifted battery and semiconductor sectors after Beijing signaled tighter control
over excessive competition. Meanwhile, Hong Kong-listed tech and AI stocks
outperformed on continued AI commercialization momentum, reinforcing sentiment
across China-related growth assets.