China’s Shanghai Composite Opens Down 0.53% at 3,671.00

The growth-heavy ChiNext and STAR 50 underperforming the broad benchmarks points to a risk-off tilt concentrated in higher-beta tech names rather than a uniform selloff. That gap matters for crypto and RWA sentiment because Chinese equity weakness in growth sectors often feeds the same speculative risk appetite that digital assets track. Whether the divergence between ChiNext and the CSI 300 widens or closes over the session is the open question worth watching.