Selling the Rallies in China Tech is Coming to an End
I think the days of selling the rallies in China tech is coming to an end.
It’s switching to a buy the dip market where the likelihood of a euphoric surge is growing by the day given the improving fundamentals, improving sentiment, upgrades, and big name investors raising their stakes.
$KraneShares CSI China Internet ETF(KWEB)$ $Alibaba(BABA)$ $JD.com(JD)$ $PDD Holdings Inc(PDD)$ $Bilibili Inc.(BILI)$ $Tencent Holding Ltd.(TCEHY)$ $MEITUAN(MPNGF)$
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The Hang Seng Property Index has broker out of its 200MA - something it hasn’t done since January 2023.
China’s measures to rescue its property market are gathering steam and coming one after another - just as we want to see it happen. Enough with the half measures. $MSCI Inc(MSCI)$ $iShares MSCI Hong Kong ETF(EWH)$
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