Shanghai Composite Closes Morning Session Down 0.10% at 3881.41

The dispersion here is the story: a flat-to-lower main board alongside a sharply stronger STAR 50 points to rotation toward hard-tech listings rather than a broad risk move. That split matters for anyone tracking where domestic equity appetite is actually concentrated. Whether the STAR 50's outperformance persists or fades back toward the broader indices is the open question.