Market snapshot

IndexLevelChange
SSE Composite3813.79▲0.05%
SZSE Component12641.86▲0.17%
ChiNext3043.33▲0.22%
Hang Seng24211.35▲1.79%
Hang Seng Tech0.00▼100.00%
S&P 5006643.70▲0.59%
Nasdaq22484.07▲0.44%
Dow Jones46247.29▲0.65%
Gold4233.50▲0.41%
Crude oil90.62▼1.33%
VIX14.84▼3.70%

Shanghai turnover: CNY 888.6bn

Macro & policy

No major macro releases today.

Finance news

1. AI’s quiet safety gatekeepers are stepping into the spotlight

The escalating debate over AI safety is pushing a small group of third-party evaluators to the center of a multitrillion-dollar industry. Once low-profile, these watchdogs are now key players in shaping AI safety scrutiny.

Source: CNBC Markets

2. From BJ’s to Lululemon, retailers are trimming assortments to boost business

Retail brands are cutting back product assortments to return to healthy growth. Big-box stores are also culling items to better curate offerings and stabilize business.

Source: CNBC Markets

3. Plenty is working against this market. Here’s why I’m staying invested anyway

The article notes that many factors are weighing on the stock market. The author admits there is no strong case for owning stocks now but still chooses to remain invested.

Source: CNBC Markets

4. Why China is importing a record amount of gold — and what it means for prices

Beijing’s push to diversify away from the dollar and Chinese households’ search for safe savings have driven record gold imports. The buying could put upward pressure on global gold prices.

Source: CNBC Markets

Filings & research

Company filings (CNINFO, titles in Chinese)