China A-share semiconductor sector opened sharply higher; Juguang Technology hit the daily limit-up and Jiangfeng Electronics rose over 12%, with other chip names also advancing. The Ministry of Industry and Information Technology issued the AI+ICT Innovation Development Implementation Opinions (2026–2028), calling for strengthened R&D on high-end optoelectronic chips and devices and pilot trials of optoelectronic hybrid networking technologies.

港股明星科網股局部走強，快手(01024.HK)漲超3%，嗶哩嗶哩(09626.HK)、騰訊控股(00700.HK)雙雙漲超2%，網易-S(09999.HK)、騰訊音樂(01698.HK)、美團(03690.HK)、百度(09888.HK)等個股跟漲。

The ratio of protective puts to speculative calls on KOSPI 200 has climbed toward 2.5x as of the last close, a five‑year high and near levels that historically presaged sharp declines. Prior breaches of the 2.5 threshold (July 2007 and January 2021) were followed by roughly a 17% fall in one month and a >5% drop in three weeks, respectively. The shift reflects cooling momentum in the Korean market and rising investor caution on AI-related names amid concern that sticky inflation could keep rates higher for longer. Arun Singh, CEO of Indicus Capital, said the put/call move signals global momentum trading is cooling and that modest hedging is reasonable while rates and inflation expectations are being repriced.