CSI 1000 index futures (IM) most‑active contract fell more than 2.0% intraday to 8,156.8 points.

Institutions expect hog production capacity drawdown to accelerate in June, citing two drivers: sustained deep losses in pig farming and falling piglet prices. After a May rebound, hog prices resumed sliding and since June both self-breeding and purchased-piglet operations have lost over 300 yuan per head. 7kg piglet prices stalled at end-May and fell below 200 yuan in mid-June, pushing the sow-to-piglet segment into loss. Market participants are confident this will accelerate capacity exits and improve forward supply; beyond price-driven exits, policy measures have turned to enforcement—June measures to curb overcompetition have been given hard targets and a 'four leads' directive, with effects likely to emerge over time.

South Korean government plans to accelerate approvals and construction in the southwest to rapidly expand memory-chip capacity. The central region will focus on advanced packaging, while the southeast will be developed as a hub for semiconductor materials, components, equipment and next-generation power chips.