Earlier this week, we looked at the two tales of Asia: India breaking down while China breaks out.
China’s market carries a much heavier tilt toward technology and growth than the rest of Asia or emerging markets more broadly. So, it makes sense that tech is leading China’s outperformance.
That’s exactly what’s playing out.
Several China tech–heavy thematic ETFs have flipped from red to green on our rankings.
Looking at the China Tech ETF $CQQQ, it's just broke to multi-year highs from this basing pattern.
It looks fantastic.
After years of dead money, the China-tech theme is finally waking up.
If this momentum sticks, it could become one of the most important leadership shifts in global equities.
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