ChiNext Index Pares Loss to Under 2% After Falling Over 3%

The intraday recovery matters less as a directional signal than as evidence that selling pressure met buyers rather than cascading. For a growth-heavy board like ChiNext, that kind of bounce often reflects dip-buying or short-covering rather than a change in the underlying drivers, which the item does not identify. Whether the index holds above the lows into the close, or rolls back toward the intraday trough, is the open question for gauging whether this is stabilization or just a pause.