按滾動12個月毛髮行口徑，美國財政部發行約5.06萬億美元附息票據和長期國債，美國企業債發行規模則達到創紀錄的約2.64萬億美元。說明美國財政部與AI巨頭正同時向債券市場集中融資：前者爲財政赤字和到期債務籌資，後者爲芯片及數據中心建設籌資。隨着科技公司越來越多地發行20—30年期債券，雙方爭奪的都包括保險、養老金等長久期資金。

英國海事貿易組織：收到關於在阿曼哈薩布東北16海里霍爾木茲海峽發生安全事件的報告。船員安全；沒有環境影響。

A-shares closed higher after intraday gains. Shanghai Composite +0.94%, Shenzhen Composite Index +1.72%, ChiNext +2.25%. The semiconductor chain outperformed, led by advanced packaging, lithography equipment and AI-chip segments; multiple semicon names hit daily limit-ups, including HKC and Huatian Technology. PV equipment advanced—Laplace +11%, Amadon hit limit-up. Real estate rallied in the afternoon with Vanke A and Greenland Holdings at limit-up. Other stronger sectors included glass substrate, CPO, retail, controlled nuclear fusion, liquid-cooled servers and MLCC. Lagging sectors were coal, autos, fisheries, planting and shipping & ports. Some recent IPOs spiked: C-Shengu closed +177% (intraday high +297%), C-Xinnuowei +34%. Combined turnover on the Shanghai and Shenzhen bourses was about 2.08 trillion yuan, up roughly 254 billion yuan from yesterday; around 3,900 stocks rose and 1,100 fell.