China’s ChiNext Index Jumps 3.3% at Midday as Over 4,800 Stocks Gain

The breadth is the story here: more than 4,800 advancers with 93 limit-ups points to a broad risk-on impulse in onshore Chinese equities rather than a narrow sector move. The leadership split is telling — gaming, AI comic-drama and baijiu bid up while banks, coal, oil and precious metals lag — suggesting rotation toward growth and consumer beta away from defensives and hard assets. For crypto and RWA watchers, the read-across is indirect, but a sustained pickup in Chinese risk appetite is worth monitoring as a sentiment signal across Asia. Whether this breadth holds into the close and beyond is the open question.