China's markets diverged: the SSE slid ~0.8%, ending its five-day rally as profit-taking in financial and consumer heavyweights dragged, while the ChiNext eked out a marginal gain in a narrow rally led by PV and semiconductor names.
Chinese market temperature sits in neutral territory — shaped mainly by elevated valuations (near the 85th historical percentile) rather than trading mood, with breadth on the low side (around the 31st historical percentile). No single catalyst stood out today; the market is searching for a fresh direction.