FTSE China A50 futures open down 0.19%

The signal here is modest but directionally consistent: two consecutive softer prints in the overnight and opening futures window point to cautious positioning toward large-cap A-shares rather than any single catalyst. Because the A50 tracks China's biggest companies, this reads as a gauge of sentiment toward headline index heavyweights, not the broader market. Whether the weakness extends into the cash session, or fades as it has in past opens, is the open question.