STAR 50 Index Turns Positive After Falling as Much as 3.7%

A 3.7% intraday drawdown erased within the same session is a volatility signal more than a directional one: the STAR 50 is behaving like a high-beta gauge of domestic tech sentiment, where selling pressure gets absorbed quickly rather than building. That matters most for participants concentrated in Shanghai's hard-tech names, since the board's swings tend to set the tone for the broader risk appetite in that segment. The open question is whether this dip-buying reflects durable support or just a mechanical snapback; follow-through across subsequent sessions, not the single reversal, is the real tell.