European equity closes Aug 10 (Mon): Germany DAX down 26.68 pts (-0.10%) at 26,328.67; UK FTSE 100 down 39.27 pts (-0.36%) at 10,861.82; France CAC 40 up 11.10 pts (+0.13%) at 8,726.03; Euro Stoxx 50 up 10.39 pts (+0.16%) at 6,534.25; Spain IBEX 35 down 31.41 pts (-0.16%) at 20,155.69; Italy FTSE MIB down 83.19 pts (-0.15%) at 53,634.00.

A-shares diverged in morning trade. Shanghai Composite +0.2% at midday, Shenzhen Composite -1.13%, ChiNext -2.18%. Combined turnover on the Shanghai and Shenzhen bourses topped CNY1.8 trillion. More than 3,200 stocks advanced. Military and livestock farming sectors led gains; medical services and innovative-drug stocks were active, with Baihua Pharma recording a fifth consecutive daily limit-up. Advanced packaging and CPO sectors were among the biggest decliners; optical/component names weakened, with Guangxun Technology touching limit-down and several chip/optical suppliers under pressure.

Beike Research Institute data show Shenzhen’s new-home and resale markets warmed in August. Resale contract signings at Beike’s Shenzhen partner stores rose 13% week-on-week last week; average daily resale signings in August were 9% higher than July, with Aug. 9 the highest daily level since June. New-home subscription volumes increased 14% week-on-week last week; average daily new-home subscriptions in August were up 40% versus July, indicating earlier pent-up demand is being released.