Dazhong Mining plans to repurchase 400–800 mln yuan of its shares for an employee shareholding plan, equity incentives, or for conversion of company-issued convertible bonds; repurchase price capped at 53 yuan/share (inclusive).

A-shares opened lower and slid through the morning session. At midday the Shanghai Composite was down 0.9%, the Shenzhen Composite Index down 2.09% and the ChiNext Index down 3.47%; combined turnover topped 2.2 trillion yuan and more than 2,000 stocks were lower. The STAR 50 Index fell over 4% intraday. Precious-metals names outperformed, with several miners — including Xianglu Tungsten, Chifeng Gold, Zhaojin Gold and Shanjin International — hitting daily limit-ups. Humanoid-robot concept stocks also rallied, with over ten constituents at limit-up. Advanced packaging warmed, while semiconductor equipment continued to weaken; compute-hardware plays, glass-substrate and memory-chip sectors posted the largest declines.

U.S. Trade Representative said the U.S. will continue consultations with Mexico and Canada to address shortcomings in the agreement and U.S. trade deficits with those countries.