KWEB is trading 6.6% up today as Chinese internet and tech shares rebound, catching a bid on relative value and sector rotation.
- The ETF is outperforming broader U.S. markets and mega-cap tech, which remain under pressure from rising yields and geopolitical tensions.
- Investors appear to be rotating into the sector following recent underperformance, lifting the ETF despite generally weak sentiment in the U.S. market.