Two Broad-Based ETFs Top 10B Yuan in Daily Turnover for First Time Since Aug 19

Concentrated turnover in two flagship broad-based ETFs points to liquidity clustering around a handful of vehicles rather than broad participation across the ETF complex. That matters for the wider market because heavy single-session volume can reflect positioning shifts or hedging activity rather than fresh directional conviction. Whether this marks a durable return of risk appetite or a one-off spike in activity is the open question, and the spread of turnover beyond these two products is the next signal worth tracking.