FTSE China A50 futures open down 0.04%

A 0.04% futures dip is noise, not signal, and the item itself concedes as much by calling it modest positioning. The real takeaway is the contrast: overnight gains giving way to a marginally softer open suggests offshore sentiment on mainland large caps is drifting rather than repricing. For anyone tracking China exposure through the A50, this is a reminder that the offshore gauge often moves on positioning flows before any fundamental catalyst. Whether the overnight-to-open reversal becomes a pattern or stays a one-session curiosity is the open question.