There are interesting news coming out of China. I have talked about China’s stock performance viz-a-viz India. Chinese stock markets were down for the last 3 years and in the process wiped off $7 Trillion in stock market wealth. So China is attempting to revive its stock market…
https://www.cnn.com/2024/02/06/investing/china-stocks-rally-government-stimulus/index.html
Now, BABA is breaking out and today KWEB 6.7%.
Chinese Index vs SPY is never this low and China is trading below < 8 PE. I know there are folks who feel China is uninvestable, If you have such strong views, please ignore this post.
I think China is going to have a short-term outperformance. I already have exposure through BABA. I will be opening some long position via KWEB.
