Last week, U.S. stock indices hitting fresh records following the strong October jobs report helped investors gloss over some negative developments on the other side of the Pacific. Relevant benchmarks for U.S.-listed Chinese stocks (CQQQ)(FXI) closed positive as well. The Chinese Internet sector representative ETF, the KraneShares CSI China Internet ETF (KWEB), ended up 1.76 percent for the week.
Over the weekend, market players had to digest the weak Chinese Industrial profit data for September which was released on Saturday, October 26 (U.S. time). Profits at