🇨🇳 China internet stocks are back on top. $KWEB has jumped nearly 13% in July, while the Nasdaq has fallen about 2%.
🍎 $BABA is leading the rally after its $AAPL AI tie-up cleared a major regulatory hurdle in China.
📈 KWEB has outrun Apple and every Magnificent Seven stock except Meta this month.
⚠️ The ETF is still down more than 73% from its 2021 record. A break above $31 would open the door to a larger recovery.