FTSE China A50 futures open up 0.48%

A modest overnight gain in the offshore A50 contract is less a signal about Chinese equities than a read on global risk appetite outside mainland hours, since the instrument trades when Shanghai and Shenzhen are closed and often tracks external sentiment rather than domestic fundamentals. The relevant question is whether this opening momentum holds once onshore cash markets open and domestic flows take over — offshore futures can gap and fade quickly. For now it is a sentiment marker, not a directional one.