SoftBank Group reported Q1 revenue of 1.81 trillion yen and net income of 155.07 billion yen.

By midday close, China’s main futures were mixed-to-positive: ferrosilicon +>3%, polysilicon +>2%, Shanghai silver, 20# rubber and rapeseed oil near +2%; live hogs, stainless steel (SS) and rubber >+1%. Decliners: container freight Europe route ->3%, ethylene glycol (EG) and SC crude ->2%, red dates ~-2%; fuel oil and low-sulfur fuel oil (LU) ->1%, LPG and urea ~-1%.

The Fifth CCF Quantum Computing Conference and Greater Bay Area Quantum Science Forum opened in Shenzhen on the 3rd for a three-day session. Chaired by Chinese Academy of Sciences academicians Yao Qizhi (Turing Award) and Xue Qikun (National Highest Science and Technology Award), the event — described as mainland China's premier annual forum linking the innovation chain and industry chain — drew about 2,400 participants from roughly 1,000 universities, research institutes, leading firms, startups and venture investors. Under the theme “integration of quantum and intelligence; coalescing quantum and intelligent computing,” delegates will present frontier quantum results and press for deeper integration of quantum R&D with industry and academia.