I’ve been noticing a jump in volume on some Chinese names. BABA, BYD, Xiaomi and a few others have actually outperformed the Nasdaq over the past few days.
Sure, the usual risks are still there like regulation and geopolitics. But looking at valuations, these names seem pretty cheap. PEs are low and there might still be some long-term value to dig into.
Also saw that China just launched a new K visa to attract STEM talent. Kind of makes me wonder if the long-term narrative is starting to shift.