China Broad-Based ETFs Rebound in Afternoon Session, Tech ETFs Turn Positive

The intraday reversal in broad-based and tech ETFs suggests buyers stepped in at lower levels rather than a change in the underlying narrative, since the recovery was concentrated in index products tracking the STAR and ChiNext boards. That these funds had fallen sharply before turning positive points to sentiment-driven volatility in China's onshore tech exposure, which matters for anyone using ETFs as a proxy for the sector. Whether the rebound holds into the close, or proves to be a single-session bounce, is the open question.