A-share storage-chip sector extended losses; Tuolunsi, Jingzhida, Maijie Technology, Jingyi Equipment, Shengmei Shanghai, Maiwei, Xice Testing, Xiangnong Xinchuang, Huahong Hongli, Goke Microelectronics and Shengong fell more than 10%. Jingsheng, Defu Technology, Wantong Development, Shenkeda and Yake Technology also declined.

BofA says a surge in AI-driven capex and a stronger economic outlook have tilted investor preference toward European equities over US names. Its survey found ~47% of fund managers expect European stocks to slightly outperform US stocks over the next 12 months — the highest since February when the Iran war began. About 97% of respondents expect Europe to avoid recession, the strongest reading since 2007. More than three-quarters said further equity gains would be driven mainly by upward revisions to corporate earnings. BofA strategist Andreas Bruckner said the bank is refocusing on pro‑Europe themes that were temporarily stalled by the Iran war.

Shanghai Science and Technology Commission issued the Zhangjiang High‑Tech Industrial Development Zone 15th Five‑Year Plan, targeting decisive progress by 2030 toward a world‑leading science park. The plan keeps a high‑tech orientation and aims to significantly strengthen Zhangjiang’s role as a source of technological innovation, improve mechanisms for high‑tech transfer and industrialization, and incubate three innovation‑source hubs. Zhangjiang Science City is targeted to become an international‑class science city with concentrated tech factors, a strong scientific profile and a vibrant innovation ecosystem. Policy will push specialty development: strengthen high‑end industry leadership, implement “one park, one specialty” sub‑park differentiation, and cultivate a set of benchmark tech leaders. The three leading industries’ industrial gross output is set to remain above 80% of the city’s total; emerging pillar industries are to scale and cluster, and future industries are expected to become new growth drivers. The plan targets park industrial value added to exceed 20% of the park’s GDP.