A-share MLCC names bounced after volatile trading; Boqian New Materials hit the daily limit, Bojie Co. earlier hit limit-up, Jiepute rose over 12%, Youyan Powder Material gained over 10%, while Jiemei Technology, Yachuang Electronics, Sidike and Torch Electronics also advanced.

China index futures morning session: CSI 300 futures (IF) main contract +1.03%; SSE 50 futures (IH) main contract -0.06%; CSI 500 futures (IC) main contract +2.30%; CSI 1000 futures (IM) main contract +2.78%.

President Trump called the first coordinated US–Japan yen purchases in decades a “signal of friendship.” Treasury Secretary Bessent said the Trump administration will “deliver on commitments to trusted partners.” Analysts warn Washington’s intervention is unlikely to be free: they say support for the yen — lifted from near 40‑year lows — may be tied to US strategic aims including bolstering Prime Minister TAKAICHI amid weak polls, pressing Japan to follow through on a previously pledged $550bn investment package into the US and to yield more in trade talks. Bessent has voiced worry about spillovers to the $31trn US Treasury market; he has identified the 10‑year yield as his key gauge, and the 10‑year yield hit the highest level of his tenure on Friday, the same day as the yen intervention.