KWEB is trading 3% down as disappointing economic data from China and a broader global technology rout weigh on the fund.
- China's Q2 GDP growth slowed to 4.3%, highlighting persistent weaknesses in the property sector and domestic demand that are dampening sentiment toward major internet platforms.
- A global retreat from technology stocks, fueled by concerns over AI-related capital spending and hawkish Federal Reserve signals, is further amplifying the downside for China-exposed growth names.