The A-shares surged today—but is it a rebound or a reversal? The Shanghai Composite Index climbed 1.19% after midday, while the Shenzhen Component Index rose 2.4%, and the ChiNext Index jumped 3.39%. With 3,626 stocks advancing versus 1,635 declining, short-term optimism is visible.

However, the market has not yet reversed. Trading volume remained moderate at 18,343 billion yuan, below the 20 trillion threshold, suggesting limited new funds. The rise follows several days of fluctuations, with moving averages still acting as resistance. Today’s gains appear to be a short-term rebound, driven by oversold stocks and renewed buying, led by ChiNext. Risk appetite is improving, but further fluctuations are expected until support at the six-month line is confirmed.

#Ashares #ShanghaiComposite #ShenzhenComponent #ChiNext #StockMarket #MarketRebound #ChinaStocks #Investing #TradingAnalysis