China’s Shanghai Composite Closes Up 0.18% at 3,830.45

The pattern here is breadth over magnitude: every major index closed green, but the small-cap CSI 500 and CSI 1000 and the tech-heavy STAR 50 outpaced the large-cap CSI 300 and the headline Shanghai Composite. That ordering suggests the marginal bid sat further out the risk curve rather than in the index heavyweights that drive the benchmark print. Whether that leadership persists or reverses into the larger caps is the open question worth tracking.