Shanghai and Shenzhen turnover tops 1 trillion yuan, down 15.7 billion on prior day

The headline figure of 1 trillion yuan matters less than the direction: activity is cooling against the prior session, even while staying above the symbolic threshold. That gap is the real signal, since it suggests momentum is fading rather than building. It affects anyone reading turnover as a proxy for risk appetite across mainland equities. Whether the decline is a one-day pause or the start of a thinner trend is the open question worth tracking in the sessions ahead.