ChiNext Index turns negative after earlier rising over 1%

A one-percentage-point intraday reversal on ChiNext is a momentum signal more than a news event, and the absence of any stated catalyst leaves the move unexplained by fundamentals. That matters for growth- and innovation-tilted exposure, where ChiNext often sets the tone for sentiment toward smaller, higher-beta names. The open question is whether this fade reflects broad de-risking or just intraday positioning; with no detail on breadth or drivers, traders have little to anchor on beyond the swing itself.