ChiNext Index Rises Over 1% as Nearly 4,000 Stocks Gain in Shanghai, Shenzhen and Beijing Markets

The breadth here is the story: nearly 4,000 advancers alongside only modest index gains suggests the rally was broad-based rather than driven by a few heavyweights, even as ChiNext outperformed the main boards. The divergence is notable—computing hardware and semiconductor chips were the weakest pockets while the overall tape was green, hinting at rotation out of the prior hardware-led leadership rather than a uniform risk-on move. Whether that rotation persists, and whether chip weakness deepens into a broader drag, is the open question worth watching.