Chinese retail stocks active; Shanghai Jiubai nears limit-up

The move looks like a sector-wide rotation rather than an isolated story, with gainers spanning department stores, group retailers and regional names rather than a single catalyst. That breadth is the signal worth noting: when limit-ups cluster across a retail basket, it usually reflects shifting sentiment toward consumption-linked A-shares rather than company-specific news. Whether the buying persists beyond the limit-up names, or fades as it did for earlier movers like Dashang, is the open question.