Market sources say DeepSeek plans to deploy more than 160,000 Huawei AI chips in China.

Jiangxi Hydrological Monitoring Center at 11:26 on the 4th upgraded the provincial flood alert to yellow. Due to heavy rainfall, the river reach at Xiajiang County is expected to exceed the warning level by about 0.5m in roughly 4 hours; the Gan River at Ji'an urban section is expected to exceed the warning level by about 1.8m in roughly 16 hours; Zhangshu urban section is forecast to see a flood peak of about 15,200 m3/s in roughly 22 hours; Nanchang urban section is forecast to see a flood peak of about 16,000 m3/s in roughly 28 hours.

FTSE China A50 Index futures opened 0.44% higher.