Shanghai and Shenzhen Turnover Tops 1 Trillion Yuan 50 Minutes After Open

The scale of the early-session volume matters less than its composition: turnover arriving this fast suggests positioning is being adjusted broadly rather than in a single pocket of the market. For mainland equity participants, the key signal is that liquidity is concentrating at the open, which tends to amplify moves in either direction and can make intraday price action a poor guide to underlying demand. Whether the pace holds through the session, or front-loads and fades, is the open question.