Market Index
Market snapshot: temperature, breadth, and highlights
Market overview
Major A-share indices rebounded into the midday break despite broad weakness, as coal and high-dividend plays extended their defensive bid; China Shenhua (+1.4%) and heavy-weight banks led the move, while chipmakers remained a relative drag.
Market Sentiment
Neutral
Chinese market temperature sits in neutral territory — shaped mainly by elevated valuations (near the 80th historical percentile) rather than trading mood, with the share of advancing stocks extremely low (around the 1st historical percentile). Today's session nonetheless saw major indices close lower, weighed down by profit-taking in tech and growth sectors, while dividend-paying sectors like banks and coal held up relatively well.