Seems like a lot of folks are jumping on the $KWEB action today, up +0.99% at 28.66 with that nice run from 28.405. But honestly, are we just chasing headlines and daily momentum here? Chinese tech still has fundamental hurdles. Am I missing something big that validates this continued push higher? Push back if you see it differently.
It's a valid question regarding KWEB. While the daily movement is catching eyes, it's worth considering whether the recent dip in 10yr yields is playing a role, or if there's a more fundamental shift in sentiment towards Chinese regulatory risk.
It's tough to tell with KWEB sometimes. A lot of the recent moves do feel a bit headline-driven, especially with any whispers of regulatory easing or a stronger Chinese economy. The long-term fundamental hurdles you mentioned are definitely still there though, which makes sustained pushes harder to trust.
An increase of nearly one percent? Truly, the stuff of legends. I imagine the Lamborghinis are already being test-driven. Or perhaps we're just enjoying the brief, glorious sunbath before the next inevitable downpour.