China’s Shanghai Composite closes at 3,680.64, up 0.46%; ChiNext jumps 3.11%

The dispersion across the benchmarks is the story here: growth and small-cap gauges like ChiNext and STAR 50 outran the blue-chip CSI 300 by a wide margin, pointing to a session where risk appetite concentrated in higher-beta, tech-leaning names rather than broad-based buying. That gap matters for anyone tracking China equity positioning, since it suggests rotation rather than a uniform re-rating. Whether this growth-over-value skew persists across sessions, or proves a one-day tilt, is the open question worth watching.