At the midday close, CSI 300 index futures (IF) most‑active contract fell 0.10%; SSE 50 index futures (IH) most‑active contract rose 0.01%; CSI 500 index futures (IC) most‑active contract fell 0.01%; CSI 1000 index futures (IM) most‑active contract rose 0.48%.

Yole Group says after a 2024–25 market adjustment the power-electronics sector is entering a phase of consolidation, cost optimization and competitiveness improvement. It projects a 7.1% CAGR from 2025–31, taking the global power-device market to $41.3bn by 2031, driven by electrification, AI infrastructure and renewables. The report keeps Infineon, ON Semiconductor and STMicroelectronics as market leaders, and flags China Resources Microelectronics, Silan Micro and Nexperia as firms steadily gaining share.

Chinese stocks closed mixed after choppy trade. Shanghai Composite +0.57%, Shenzhen Component -0.24%, ChiNext -0.55%. Turnover across Shanghai and Shenzhen 2.53 trillion yuan, down 130.9 billion yuan from the prior session. Market breadth was strong with more than 2,700 stocks advancing. Coal sector rallied; Haohua Energy, Pingmei and Yankuang Energy hit daily limit-ups. Digital-currency concept saw multiple limit-ups including Feitian Chengxin and Hengbao. Fluorochemical names were strong—Zhongjuxin surged 20% to limit-up, Do‑Fluoride and others also hit limits. CPO-related stocks extended gains with Changdian Technology at the limit. Industrial gases, semiconductors and components were among top gainers; power-grid equipment, securities and insurance underperformed.