China’s Shanghai Composite Closes Down 0.88% at 3767.23

The dispersion matters more than the headline drop: losses widen steadily from the Shanghai Composite through the CSI 300 and up to the ChiNext and STAR 50, meaning the growth- and tech-heavy segments absorbed the heaviest selling while large-cap benchmarks held up comparatively better. That pattern points to de-risking concentrated in smaller, higher-beta listings rather than a uniform exit from Chinese equities. Whether that skew persists in the next session, or broadens into the large-cap indices, is the open question worth watching.