China's AI Champions on the Rebound: Why Alibaba, NetEase, Tencent, and Baidu Are Becoming Exciting Again!
Reading Time: 4 minutes
Chinese technology stocks are technically clearly oversold after a severe sell-off – at the same time, indications are increasing that a bottom formation is taking place. The iShares China Large Cap ETF is about 14% below its 52-week high, while the KraneShares CSI China Internet ETF recently saw a rise of nearly 3%, marking the best day in over a month. Support comes from geopolitics: In Washington, US President Donald Trump signals a near end to the war against Iran – promptly, Asian markets turn upward, from the Hang Seng to the Nikkei...
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