Federal Reserve Governor Bowman said long-term inflation expectations remain well anchored.

ECB governing council member KAZAKS said it remains appropriate to act gradually; policy must prevent energy-driven inflation spillovers.

Shanghai and Shenzhen shares opened sharply higher then eased; at midday the Shanghai Composite was up 0.06%, the Shenzhen Composite Index 0.76% and the ChiNext Index 1.49%. Combined turnover on the two bourses was 960.3 billion yuan, roughly 50 billion yuan below the prior session. More than 3,800 stocks advanced. Short-drama/gaming-related names remained active, with multiple stocks hitting daily limits. PCB and components sectors led gains; humanoid-robot names rallied and some capped out. CPO concept stocks were among the top performers. Shipping, banks and insurers pared gains. Coal fell, with Jinkong Coal and Guanghui Energy down over 4%. Oil and gas stocks retreated, led by CNOOC, China Oilfield Services and Zhongman Petroleum.