China stocks rally; ChiNext up 1%, Shanghai gains 0.58%

The broad-based advance, with over 3,700 stocks rising, suggests risk appetite is not confined to a few heavyweights, even as the leadership in film, tourism, and precious metals points to a rotation toward consumer and defensive plays. The gains come without a clear single catalyst in the item, leaving the question of whether momentum is driven by policy expectations or short-term positioning. For market watchers, the key is whether breadth and sector leadership can hold, as that would signal a more durable shift rather than a one-off bounce.