After China Internet Plunge, Can Tactical Rebound Last Longer?
KWEB has plunged into extreme oversold territory, with its RSI dipping below 20—a level seen only a handful of times in the last decade. Historically, every time KWEB has hit this level of "maximum panic," the index has delivered positive returns within the following twond weeks. The current sell-off has spared no one: Alibaba has retreated 26% from its yearly high of $177 to $129, while tech giants Tencent and Meituan have both corrected by 20% to 30%.
Is "RSI < 20" signal a reliable bottom for KWEB? With PDD and Tencent nearing key support levels, is this "Buy the Fear" moment for 2026?