India's benchmark index NIFTY 50 futures fell 1.19%.

Important news 1. Caixin China Services PMI in April recorded 50.7, 0.8 percentage points lower than last month. 2. The Beijing Stock Exchange has started to use the new code 920 for 6 pilot stocks today. 3. In the first quarter, the Internet business revenue of my country's Internet enterprises above designated size increased by 1.4% year-on-year. 4. The Shenzhen Stock Exchange revised the business guidelines for the management and evaluation of trading behavior of member customers, and added the evaluation of program trading and margin trading management. Individual stock news 1. The data on the flow of main funds showed that Yanshan Technology ranked first with a net inflow of 767 million yuan, Changshan Beiming, Hainan Huatie, Tianyuan Dico, and Dongfang Fortune received net inflows of main funds; Hongbo shares ranked first with a net outflow of 552 million yuan, and Pathfinder, Zhongxin Fluoromaterials, Dongzhu Ecology, and Zhenhua Technology ranked first with net outflows of main funds. 2. KSTAR: Still optimistic that UPS will be the mainstream of backup power supply for data centers in the future. 3. Leyard: Cooperated to launch AR glasses products based on monochrome Micro LED optical machines. 4. Shengyuan Environmental Protection: The 40,000-ton raw taurine project is expected to be put into production in the second half of the year. 5. Fengle Seed: The year-on-year increase in inventory at the end of 2024 was mainly due to the increase in corn seed inventory. 6. Junda Shares: The public offering price of H shares is HK$22.15 per share. 7. Langma Information: R&D expenses in the first quarter of 2025 decreased by 32.55% year-on-year. 8. Cube Pharmaceuticals: Methylphenidate hydrochloride sustained-release tablets are expected to be launched at the end of the third quarter of this year. 9. Haoen Automotive: A robot perception technology company has been established and is in talks with several robot companies. 10. Donghua Software: Donghua Fast and Laibin Sugar Bureau jointly promote the sugar industry AI big model. 11. Weike Technology: Existing or potential technical reserves involve lightweight products such as joint motor parts and PEEK screws.

As risk appetite increased, safe-haven currencies weakened, with the USD/CHF and USD/JPY both rising 0.6% in early trading.