US University of Michigan consumer expectations index (final) for June 50.7; consensus 49.5; prior 49.3.

Du Zhongming, director of the Power Department at the National Energy Administration, said at a State Council Information Office briefing that China’s annual average incremental electricity demand during the 15th Five-Year Plan period is expected to be about 600 billion kWh. He cited a surge in electricity for computing, rapid expansion of EV charging infrastructure, and persistent industrial and residential demand as the main drivers.

China A-shares grid-equipment sector opened higher; Baosheng hit the daily limit. Baiyun Electric, Yineng Power, Acrel, Hangzhou Kelin and Great Wall Technology also advanced.