ChiNext Rises 3% at Midday as Robot, Chip Stocks Surge

The breadth of the move — over 4,500 stocks higher across all three exchanges — matters more than ChiNext's headline gain, since it suggests risk appetite widened beyond a single theme rather than concentrating in one narrative. The robot complex is doing the heavy lifting, with Fulai New Materials' fifth limit-up in eight sessions pointing to momentum-chasing behavior that can outrun fundamentals. Whether semiconductor and PCB strength can carry the index once robot enthusiasm cools is the open question; a rally this dependent on one concept tends to be tested when that leadership stalls.