China's economy slowed in Q2 2024, prompting interest rate cuts, potentially benefiting struggling tech stocks

From Nasdaq: 2024-07-27 11:21:19

China’s economy slowed in Q2 2024, prompting the PBOC to cut interest rates. This move could benefit struggling tech stocks, creating growth opportunities. KWEB, an ETF focusing on Chinese tech giants like Tencent and Alibaba, offers investors a chance to capitalize on a potential rebound in the sector. With a dividend yield and managed assets of $4.80 billion, KWEB presents a compelling opportunity for investors looking to navigate the Chinese tech market.



Read more at Nasdaq: Buy This ETF to Bet on a Rebound for Beaten-Down Chinese Tech Stocks