China A-share switching-equipment concept stocks rallied intraday. Unisplendour and Star-net Ruijie hit the limit-up; earlier Ruijie Networks hit a 20% limit-up. Feiling Kesi jumped over 10%; Gongjin, Ruisikangda and ZTE also gained.

Bank of Japan board member Sato Ayano said she does not wish to comment on her policy views at this time.

June 29 — Midea said Chinese factories are running overtime to meet surging European demand and the company has shifted shipments to China-Europe rail service with 15–25 day transit times, roughly 25 days faster than sea, while local subsidiaries are expediting customs clearance and channel distribution. Gree Electric said European channels are fully sold out and overseas dealers are rushing replenishment to secure market supply. Midea’s plug-and-play PortaSplit mobile split AC is sold out in Germany, the UK, France and the Netherlands; year-to-date PortaSplit shipments have exceeded 200,000 units, double last year’s full-year sales.