ChiNext Index Turns Negative After Opening Up Nearly 1.8%

The reversal matters less as a headline than as a signal about conviction: an opening bid of that size that fails to hold suggests sellers are still using strength to exit, and that early positioning was not backed by follow-through demand. For a growth-heavy board, that fragility tends to matter most for sentiment toward the smaller, higher-beta names that drive ChiNext. Whether the index can stabilize after surrendering such a large opening gap, rather than extending the fade, is the open question.