China’s Shanghai Composite Closes Up 0.06% at 3952.13; ChiNext Edges Higher

The dispersion here is the story: large-cap benchmarks edged up while the mid- and small-cap gauges slipped, a split that points to narrow rather than broad participation. STAR 50's outperformance suggests the growth/technology segment drew the marginal bid even as the wider tape stalled. For crypto and RWA watchers, the read-through is indirect — Chinese equity risk appetite is a background input, not a driver. Whether the large-cap-versus-small-cap gap persists or mean-reverts is the open question.