China Academy of Sciences’ Institute for Small Satellite Innovation released a second batch of in-orbit test results for the Light Boat experimental spacecraft on June 29. The vehicle launched on March 30, 2026; the first batch of results was published April 15. The new results cover precision space measurement, cost-reduction and efficiency measures for space operations, concepts for future space hospitals and space biological cultivation, and are presented as technical support for deployment o

Nomura reiterated a buy on Lenovo Group (00992.HK) and raised its target price to HK$35 from HK$16, based on 20x FY2027 EPS, implying about 46% upside. The broker said momentum in Lenovo’s general server business may exceed expectations; despite the stock rallying more than 100% since May, Nomura expects further upside because the market has not fully priced the server opportunity, its FY2027/28 earnings forecasts run roughly 10% above consensus, and Lenovo is in a re-rating phase with peers such as Dell trading near 30x one-year forward P/E. Nomura lifted its FY2027/28 EPS forecasts by 12%.

By midday, Shanghai Composite was up 0.17%, Shenzhen Composite down 1.21% and ChiNext down 1.28% — ChiNext had earlier rallied more than 1.6% before reversing. Turnover across the two bourses exceeded 2.5 trillion yuan and over 3,200 stocks fell. Innovative-drug names led gains, with multiple stocks including Wanbang Medicine hitting daily limit-up. Pork and baijiu sectors outperformed. Compute-infrastructure names such as CPO-related stocks spiked early then eased; MicroLED and e-paper were among the biggest decliners.