China stocks fall, pork shares surge; STAR50 drops 2%

The divergence between pork and tech sectors highlights rotation within a market where turnover remains heavy but breadth is negative. The STAR50's sharper drop suggests risk appetite is narrowing toward defensive or policy-driven plays, with liquid cooling and semis under pressure as profit-taking or sentiment shifts. Pork's limit-ups may reflect short-term positioning rather than fundamental change, making sustainability the key question. Whether the weakness in high-beta tech spreads or remains isolated will signal if this is a rotation or a broader de-risking phase.