Thoughts on KWEB's resilience amid broader tech concerns
It's interesting to see $KWEB at 28.74, holding up relatively well today even as some broader tech narratives get a bit wobbly. We saw it dip to 28.55 earlier, but it seems to have found some footing. With the $US30 pushing 53178.41, the risk-on sentiment is clearly there, but I'm still watching closely for any policy shifts out of Beijing that could impact these names. The regulatory shadow hasn't completely cleared, and I'm hesitant to chase too hard until there's more clarity on sustainable earnings growth, especially with the current macro backdrop. Keeping an eye on that 28.875 resistance, but not seeing a compelling setup for a breakout just yet.
I've been trying to understand KWEB better. Do you think its resilience is mostly due to its specific holdings or more about broader sentiment shifting back towards Chinese tech for a bit?