Morgan Asset Management, a shareholder of Morgan Fund, will invest $75m (≈500m yuan) of proprietary capital via an affiliate into the firm's first active ETF, the Morgan Large‑Cap Growth Active Equity ETF. The investment will be made after the ETF is listed.

China A-share indices opened lower, rallied then pulled back. At midday the Shanghai Composite was down 0.08%, the Shenzhen Composite was up 0.18% and the ChiNext was up 0.27%. Turnover across Shanghai and Shenzhen was 933.5 billion yuan, down 37.2 billion yuan from the prior session. More than 3,900 stocks were higher. The robotics sector remained active with over ten stocks hitting daily limit-up and Unitree Robotics extending gains for a third session. Consumer electronics and CRO names rallied with multiple limit-ups. Food & beverage saw an intraday surge, including an Anji Food limit-up. CSSC-linked shipbuilding names lagged. Dye stocks corrected, some down over 12%. Defense-restructuring plays, banks and insurers were weaker.

美國總統特朗普：我們給了烏克蘭很多，而他們卻什麼都沒給我們。