Mainland A-share cobalt and nonferrous metals sectors rallied; China Tungsten High‑Tech hit the daily trading limit, while Xingye Silver‑Tin, Xiamen Tungsten, China Molybdenum, China Nonferrous and Zhongjin Lingnan also advanced.

CSC Financial said Zhipu AI has released next-generation large model GLM-5.2, marking a new phase in which China’s models reach top-tier global capability and can exert pricing power. Benchmarking firm Artificial Analysis ranks GLM-5.2 fourth globally. CSC said rapid domestic model development implies strong onshore compute demand and reiterated a positive view on China large-model and compute-related sectors.

President Trump said that after the U.S. spent tens of trillions of dollars defending NATO, Italy and its prime minister never even considered intervening against Iran and its nuclear threat. He said that despite decades of U.S. protection they were not there when tested and when the U.S. and other nations needed them most, calling it very disappointing.