A股工程機械板塊震盪走高，萬通液壓漲超17%，徐工機械、三一重工、威博液壓、山推股份、鐵拓機械等個股跟漲。

South Korea's finance minister said authorities will impose severe penalties on speculative investments targeting the won.

Huatai Securities says short-term A-share market has entered a window of thin AI‑chain catalysts coinciding with macro risk re-pricing. Last Friday’s stronger-than-expected US NFP triggered global liquidity tightening: US Treasury yields and the dollar rose and the Nasdaq-100 and other risk assets pulled back; weaker-than-expected guidance from overseas AI leaders and short-term crowded positions have prompted a style rebalancing, shifting the primary risk from industry momentum to macro pricing. If the Nasdaq-100 falls >2% alongside rising US yields, A-shares face a higher probability of monthly downside; financials/value should outperform while growth is under pressure. Recommendation: modestly take profits in AI-chain names and await lower volatility to re-enter; favor banks for higher expected returns amid macro re-pricing and selectively rebalance into minor metals and packaging & printing stocks that look EPS-accretive after Q1 results.