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Lufax Holding Ltd American Depositary Shares two of which representing one
The KWEB ETF has been battered significantly as investors left Chinese Internet stocks in a hurry since 2021. However, we could be in the late stage of the current malaise.
Our price action analysis suggests that the worst in Chinese Internet stocks seems to have been priced in. KWEB's leading stocks are also holding their March lows.
We rate KWEB ETF a Buy. We urge keen investors to start adding exposure in phases due to potential volatility.