Shenzhen Component Index turns positive as Shanghai and ChiNext pare losses; over 3,800 stocks gain

The breadth of the move — more than 3,800 advancers across all three exchanges — matters more than the headline index levels, since it suggests the rebound is broad rather than confined to a few heavyweights. The leadership is telling: solar equipment and precious metals sit alongside civil aviation and baijiu, pairing cyclical and defensive sectors in a mix that reads as rotation rather than a single thematic bet. Whether the Shanghai Composite and ChiNext follow Shenzhen into positive territory, and whether that breadth holds through the session, is the open question.