ChiNext Index climbs over 1% after earlier drop; Shanghai Composite up 0.06%

The intraday reversal in the ChiNext Index, from a drop of over 1% to a gain of more than 1%, points to dip-buying concentrated in growth and hardware names rather than a broad risk-on shift, given the Shanghai Composite's marginal gain. The leadership of robotics, consumer electronics, PCB and semiconductor chips suggests the rebound is sector-specific, tied to the technology supply chain rather than index-level sentiment. With nearly 3,800 stocks advancing, breadth is unusually wide for a session that began in the red, which makes the durability of this reversal the open question worth watching.