China's CSI 300 index futures (IF) main contract +0.20%; SSE 50 futures (IH) main contract +0.29%; CSI 500 futures (IC) +0.55%; CSI 1000 futures (IM) +0.60% at midday close.

Lebanese President AOUN said diplomacy is the best solution; Lebanon's negotiations with Israel aim to end the state of hostilities.

JP Morgan China equity strategist Zhang Xiaoning says AI hardware supply constraints will persist at least through 2028 and that major tech firms’ bonds remain investment-grade, calling investor debt concerns an overreaction. The bank stays overweight China equities, setting end-2026 baseline targets of 100 for the MSCI China index and 5,200 for the CSI 300; a downside scenario is 80 and 4,000. Zhang expects AI to remain the core market theme in H2; JP Morgan views the recent pullback as healthy rotation rather than the end of the AI cycle. Foreign investors remain focused on the strength of macro policy support and the pace of implementation of six-network investment.