China A-share ChiNext index rose over 3% in afternoon trade; Sci‑Tech Innovation 50 Index up over 2%. Yuanjie Technology surged ~13%; ChangXin Technology climbed ~7%.

Deutsche Bank expects the European Central Bank to continue raising interest rates through December.

China’s Ministry of Industry and Information Technology issued its information and communications “15th Five-Year” development plan, directing stepped-up core technology R&D. It mandates accelerated 6G core R&D and continued 6G trials; expanded R&D in ultra‑high‑speed, large‑capacity optical transmission, optical access and submarine‑cable optical systems; fast‑tracking new fiber technologies including hollow‑core fiber and their deployment; industry convergence work on vehicular optical communications and industrial‑control optical networks; data‑communications innovation to tackle IP wide‑area lossless transmission and flow‑level load balancing; R&D of compute‑transmission channels that sense compute and network resources; key satellite‑communications work on efficient space‑to‑ground transmission, inter‑satellite networking and routing; and accelerated frontier deployment in optoelectronic fusion and integration of quantum encryption with information and communication networks.