Shanghai Composite Opens Up 0.14% at 3740.57; STAR 50 Gains 1.06%

The dispersion across the main gauges is the story here: the STAR 50's 1.06% opening gain is roughly triple the Shanghai Composite's 0.14%, and the small-cap CSI 500 and CSI 1000 are running ahead of the CSI 300. That pattern points to a tech and small-cap tilt at the open rather than broad-based buying. Whether that leadership holds through the session, or fades as it often does in early trading, is the open question worth watching.