TREE NEWS reports: China’s ChiNext Index closed up 0.87% and the Shenzhen Component gained 1.19%, while the Shanghai Composite added 0.1% on a broad rally that lifted more than 4,800 stocks across the Shanghai, Shenzhen and Beijing exchanges, with turnover at 2.14 trillion yuan. Solar, precious metals, AI comic-drama and computing-power leasing led gains, while coal, oil and gas, banks and brokerages fell; PetroChina dropped more than 8%.
China’s ChiNext rises 0.87% as over 4,800 stocks gain; turnover hits 2.14 trillion yuan
The split is the story: broad participation and heavy turnover alongside weakness in banks, brokerages and energy names, with PetroChina's sharp drop suggesting money rotating out of heavyweights rather than fresh conviction across the board. Solar, precious metals and computing-power leasing drawing bids points to a preference for thematic growth exposure over defensive and financial sectors. Whether that rotation holds, or the breadth proves to be a one-session affair, is the open question.
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