KWEB is trading at $24.43, up 4.15%, as Beijing’s cheaper 1% relending for share buybacks and stronger liquidity support lifted sentiment toward Chinese equities.
- Banks’ loan applications exceeded 200 billion yuan.
- A broader rebound in China technology shares, including optimism around Alibaba’s Qwen AI integration with Apple Intelligence, added support.
- The broader U.S. market is also sharply higher, adding to risk appetite, though China-specific policy support appears the clearest KWEB catalyst.