ChiNext Index jumps over 2% after early slide; STAR 50 gains 3%

The intraday reversal matters more than the closing level: an early drop of over 2% on ChiNext that ends in a gain above 2% signals buyers stepping in aggressively rather than a drift higher. Breadth reinforces that reading, with more than 4,700 stocks advancing, which points to a market-wide risk-on move rather than a narrow leadership story. The gainers' list — solar equipment, precious metals, batteries and semiconductor chips — shows both growth and defensive themes participating, an unusual pairing. Whether that breadth holds on the next session, or was a one-day squeeze off the open, is the open question.