China’s Shanghai Composite Closes Up 0.71% at 3891.60

The standout here is the divergence: the STAR 50's 4.14% jump is roughly six times the CSI 300's gain, and the growth-heavy ChiNext also outpaced the broad benchmarks. That pattern suggests the buying was concentrated in tech and smaller-cap names rather than a uniform risk-on move, with the CSI 1000 and CSI 500 also outperforming. For crypto and RWA watchers, the read-through is indirect — Chinese equity beta is not a digital-asset signal, and this is a single session. Whether the small-cap and tech leadership persists is the open question.