FTSE China A50 futures open down 0.28%

The signal here is continuity rather than shock: the overnight softness carrying into the open suggests positioning remains defensive toward large-cap A-shares, with no fresh catalyst visible in the tape to reverse it. Because the A50 tracks China's biggest names, this is a large-cap story more than a broad-market one, and it matters most to anyone with exposure to that benchmark or to products that mirror it. The open question is whether the negative open holds through the session or gets absorbed, which would say more about underlying sentiment than the modest headline percentage does.