China’s ChiNext rises 0.99% at midday as computing hardware stocks rebound

The divergence between ChiNext's gain and the Shanghai Composite's decline points to a rotation toward growth and hardware themes rather than broad risk appetite, with the computing hardware rebound and limit-up moves in Cambridge Technology and Qingshan Paper doing much of the work. The narrow breadth — 2,704 advancers against 2,307 decliners on heavy turnover — suggests conviction is concentrated in specific concepts like robotics and AI comic-drama rather than spread across the market. Whether that hardware leadership holds through the full session, or fades like a single-day bounce, is the open question.