FTSE China A50 index futures rose over 1% ahead of midday trade.

By midday, Shanghai Composite was up 0.17%, Shenzhen Composite down 1.21% and ChiNext down 1.28% — ChiNext had earlier rallied more than 1.6% before reversing. Turnover across the two bourses exceeded 2.5 trillion yuan and over 3,200 stocks fell. Innovative-drug names led gains, with multiple stocks including Wanbang Medicine hitting daily limit-up. Pork and baijiu sectors outperformed. Compute-infrastructure names such as CPO-related stocks spiked early then eased; MicroLED and e-paper were among the biggest decliners.

港股聯想集團(00992.HK)盤初快速走低，跌逾6%。