KWEB Stock Recent News

For the month ending June 12, the MSCI China Index shed 5.90% — a pullback Goldman Sachs described as healthy. Retrenchments throughout rebounds – the current state of affairs for Chinese stocks – are normal.

Covered call strategies have gained popularity for yield and downside protection, but may not be suitable for investing in China. Kraneshares China Internet And Covered Call Strategy ETF aims to provide exposure to the Chinese internet sector while reducing volatility. The KLIP ETF writes call options on the KraneShares CSI China Internet ETF to earn income and mitigate losses, but limits upside potential.

China risk has been compensated for with a cheap valuation of 0.6x PEG in the YE24-25 period. Consensus earnings revision point to 25% EPS growth. Consensus price targets indicate 30% upside potential.

Most China tech ETFs have turned around lately after a slump. David Tepper's Appaloosa is betting big on Chinese tech stocks.

Shares in Chinese companies have seen a reversal in fortunes after a few rough years, and some China-focused exchange-traded funds (ETFs) are now outperforming the S&P 500 this year.

2024 could be the year of awakening for the Chinese economy, with the government taking steps to reinvigorate it. Despite risks and depressed sentiment, KWEB has outperformed its peers and has an attractive valuation and growth potential. The Chinese e-commerce market is expected to grow for the first time in 3 years, by a robust 17% this year. A majority of KWEB's assets are deployed in e-commerce.

In the U.S., first-quarter earnings season is in the books. However, there are still some reports to be delivered by big-name ex-US companies, including several from China.

Global equity ETFs have seen a steady drumbeat of inflows all year long, but one major player has been left out of the party. China has climbed a great wall of worry for years – with a property debt crisis, a disastrous equity slump, and a slow exit from COVID-19 restrictions.

The U.S. and China are home to the world's two largest economies. So, it's not surprising that they're leading the way in terms of artificial intelligence (AI) expansion and usage cases.

The rally in Chinese stocks may have legs because options traders have yet to chase it, say analysts at Bank of America.