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Thoughts on China tech's recent bounce
Watching $KWEB push past 27 today, it feels like the narrative on Chinese tech is starting to shift, or at least, the worst of the regulatory overhang is being priced in. It's interesting to see given the broader macro concerns still lingering. I'm keeping an eye on whether this is just a dead cat bounce or if there's genuine momentum building here, especially if we get any more positive signals from Beijing regarding the tech sector in general.
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I'm with you on the cautious optimism, it's definitely a nuanced situation. While some regulatory clarity could be emerging, the broader macro headwinds, particularly from property and domestic consumption, still seem quite significant. I'm wondering if this bounce is more liquidity-driven than fundamentally backed at this stage.