ChiNext Index turns positive in afternoon session after early 3% drop

The intraday reversal matters less for the index level than for what drove it: a narrow, theme-led bounce in CPO and lithography names rather than broad-based buying. That suggests the recovery reflects rotation into specific tech narratives, not a shift in overall sentiment, and the wider Shenzhen and Shanghai gauges only narrowed losses rather than turning positive. The open question is whether these two sectors can sustain leadership, or whether the rebound fades once that concentrated demand exhausts itself.