Shanghai 50 Index Turns Positive Late as ChiNext Loss Narrows to 1.6%

The split between the blue-chip Shanghai 50 and the growth-heavy ChiNext is the tell here: a late reversal in large caps while the growth board stays in the red points to a defensive rotation rather than a broad risk-on turn. The absence of turnover figures makes it hard to judge whether the rebound reflects real demand or just thin late-session flows. Whether the Shanghai 50's strength holds into the next session, and whether ChiNext follows or keeps lagging, is the open question.