ChiNext Index rebounds to positive territory after falling over 1.5%

A single-session intraday reversal on ChiNext, with no stated driver, is a thin signal on its own — the rebound tells us buyers stepped in at the lows, but not why or for how long. For now this reads as a sentiment datapoint for growth-oriented Chinese equities rather than a change in the underlying picture. What matters next is whether the recovery holds into the close and carries into the following session, or whether the earlier selloff resumes; without a catalyst, the durability of the bounce is the open question.