US 2-year Treasury yield rose 2 bps to 4.42%, its highest level since January 2025.

Beijing municipal government issued its 15th Five‑Year high‑end industrial development plan, directing support for frontier technology innovation: accelerate quantum computing, develop space‑based computing, and seek breakthroughs in core brain‑computer interface technologies. The plan mandates R&D on metaverse enablers — spatial computing, digital humans and immersive rendering — to create virtual‑physical consumer scenarios, and prioritizes mastering frontier chip technologies including compute‑storage integrated chips, silicon photonics, advanced packaging and chiplets, and high‑performance optical interconnects.

Qualcomm (QCOM.O) premarket gains widened to 10%.