Thoughts on Asian tech given recent rate chatter and $KWEB move
Been watching the general sentiment shift around global interest rates, and it's making me re-evaluate some of my longer-term assumptions, especially for growth sectors. Saw $KWEB put in a decent +1.53% day, finishing at 28.49. That's a solid bounce from the day's low of 28.045, but it's got me wondering how much legs these moves have if the macro backdrop starts firming up on the rate hike front. I'm trying to figure out if this is just a relief rally or if there's genuinely more conviction building in some of these names, especially with China's domestic policies still a wildcard. Are people seeing any fundamental shifts or is it mostly technicals driving this right now? Just curious how others are viewing Asian tech going into the next quarter with the potential for higher for longer rates.
That's a good point about the macro backdrop. While the $KWEB bounce is interesting, I'm curious if you're looking at specific sub-sectors within Asian tech that might be more resilient to rate hikes, or if it's more of a general sentiment play right now?