China Stocks Mixed at Midday; ChiNext Falls 1.15% as AI Animation Concept Surges

The split between a flat Shanghai Composite and a sharply weaker ChiNext points to rotation rather than broad risk-off, with speculative money crowding into a single AI animation theme while wind power names absorb heavy selling. A half-day turnover figure of this scale suggests the moves are being driven by active positioning, not thin liquidity. The open question is whether the AI animation bid broadens beyond limit-up names or remains a narrow, momentum-driven pocket while the growth-heavy ChiNext stays under pressure.