A-share Yushu Technology fell nearly 3%; the share price slipped below 500 yuan for the first time, putting market capitalization at 202.1 billion yuan. On its listing day the stock peaked at 1,100 yuan with a market cap of 444.9 billion yuan, wiping out more than 240 billion yuan from that high.

德國10年期國債收益率持續上漲，日內上升4個基點至3.48%。

The ECB raised the deposit rate 25bps to 2.50% on Thursday — its second hike since the Iran war broke out in February — saying inflation will remain well above the 2% target for an extended period. The move was in line with expectations of almost all economists surveyed. The bank reiterated it will not pre-commit to further action and will decide on a meeting-by-meeting basis. ECB said the Middle East conflict continues to add inflationary pressure; the outlook is highly uncertain, with upside risks to inflation and downside risks to growth. Thursday’s step leaves euro-area policymakers further ahead of peers in responding to an energy-price surge that has produced the fastest inflation in nearly three years. Traders expect two more ECB hikes by mid-2027. By contrast, the Fed and the Bank of England have not tightened in response to the Middle East hostilities and may remain on hold next week.