CSI 300 index futures main contract (IF) broke above 4,900, posting an intraday gain of 1.41%.

Micron Technology said it expects fourth fiscal-quarter revenue of $50.0 bln +/- $1.0 bln, above analysts' average forecast of $43.58 bln, and attributed strength to continued demand for AI-related infrastructure. The company said generative AI growth has made HBM and similar products essential for large data centres, driving sharp price gains. Third-quarter revenue was $41.4 bln, beating expectations of $35.4 bln. Micron shares rose about 10% in after-hours trading.

Market sources say the US will remove some individuals from a Russia-related sanctions list.