Hong Kong-listed semiconductor stocks extended intraday gains: 02577.HK rose over 12%, 01347.HK rose over 10%; 02676.HK, 00981.HK (SMIC), 03986.HK and 01385.HK each gained more than 6%.

CHINA STATE PLANNER and other agencies instructed the aluminum electrolysis industry to accelerate energy-saving and carbon-reduction retrofits, mandating adoption of technologies including new stable-flow insulated electrolysis cells, graphitized cathodes, higher-quality anodes and sealed gas-collection at cell tops, and promoting 500kA+ large cells. The directive calls for upgrades to motors, fans, pumps, heat pumps, compressors and transformers, optimization of flue-gas waste-heat recovery and cascade use, and wider application of low-temperature waste-heat power generation. It directs accelerated retrofit of sub-300kA prebake cells, independent aluminum-use carbon projects below 150,000 t/yr and older inefficient captive coal-fired units.

Eurozone industrial production rose 0.1% MoM in April, below the 0.2% consensus; March was revised up to 0.4% from 0.2%.