Shanghai-Shenzhen-Beijing turnover tops 1 trillion yuan, down 130b from yesterday

The drop in turnover below the 1-trillion-yuan mark at the same point in the session signals a cooling of the recent trading frenzy, even if the full-day figure still lands near 1.6 trillion. This matters because it suggests the retail-driven momentum that powered the rally may be losing steam, which could test market breadth and liquidity assumptions. The key question is whether this is a one-day dip in activity or the start of a sustained consolidation phase, as volume trends often precede price direction. For market participants, the focus shifts to whether turnover stabilizes or keeps declining in the next sessions.