Market Index
Market snapshot: temperature, breadth, and highlights
Market overview
China's ChiNext plunged ~7.4% in a tech-led rout, while the Shanghai Composite fell only ~1.2% as defensive banks and liquor cushioned the index. Semiconductors slumped ~7.5% on AI spending concerns and Chinese competition, driving a sharp growth-to-value rotation.
Market Sentiment
Neutral
Chinese market temperature sits in neutral territory — driven mainly by elevated valuations (around the 79th historical percentile), with the share of advancing stocks on the low side (near the 38th historical percentile). No single catalyst stood out today; the market is searching for a fresh direction.