Shanghai Composite Falls Over 1% Late in Session; STAR 50 Drops More Than 4%

The gap between the broad Shanghai Composite and the STAR 50 is the story here: a 4%+ drop in the tech-focused board against a 1% decline in the main index points to concentrated selling in science and technology names rather than a uniform market move. That divergence matters for anyone with exposure to Shanghai-listed tech, where the late-session timing suggests the pressure built into the close rather than easing. Whether the STAR 50's underperformance reflects a rotation out of tech or a broader risk-off impulse is the open question, and the next session's breadth should clarify which.