{"id":49444,"date":"2023-08-17T03:14:51","date_gmt":"2023-08-17T07:14:51","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/chinese-tech-investors-jump-ship-why-thats-a-bad-sign\/"},"modified":"2023-08-17T03:14:53","modified_gmt":"2023-08-17T07:14:53","slug":"chinese-tech-investors-jump-ship-why-thats-a-bad-sign","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=49444","title":{"rendered":"Chinese Tech Investors Jump Ship. Why That&#8217;s a Bad Sign."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000721637\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>After a blistering start to 2023, stocks are in the midst of a late-summer slog, one that has intensified overseas, particularly for Chinese tech names.<\/p>\n<p>August has been a difficult month for the market, including the tech-heavy<br \/>\n        Nasdaq Composite<span>,<\/span><br \/>\n       which hds fallen 5.7% month to date through Wednesday. And the picture doesn\u2019t look much better in China. \u00a0<\/p>\n<div class=\"paywall\">\n<p>Chinese tech stocks have struggled to gain traction in recent years, with the KraneShares CSI China Internet ETF (ticker:<br \/>\n        KWEB<br \/>\n      ) peaking in early 2021. Investors are understandably more cautious on these companies than on their U.S. counterparts, given concerns about corporate transparency and the impact of policies from Beijing. Worries have only increased given frosty relations between the U.S. and China and that nation\u2019s struggle to jump-start its postpandemic economy.<\/p>\n<p>Stocks that feature prominently in the KraneShares fund, such as<br \/>\n        Tencent Holdings<br \/>\n      \u2019 American depositary receipts (TCEHY) and<br \/>\n        Alibaba Group Holding<br \/>\n       (BABA), are in the red so far in 2023, even as U.S. tech names have led a domestic rally.<\/p>\n<p>\u201cIt\u2019s impossible, or nearly so, to find a positive spin on anything happening in China,\u201d noted strategists at Sentiment Trader on Wednesday. \u201cChinese technology companies are arguably even more of a focus for investors outside of that country due to their scale, market penetration, and historically cheap valuations. It has been difficult for their shares to gain traction among domestic and foreign investors due to all the issues we hear about ad nauseam.\u201d<\/p>\n<p>The firm noted that Chinese tech stocks have hit a ceiling before. The group soared in July, so that at the end of the month more than 90% of stocks in the CSI Overseas China Internet Index, which the KraneShares ETF tracks, were above their 50-day moving averages. Just over two weeks later, just 40% were. <\/p>\n<p>\u201cSince the sector peaked in 2020, there have been three similar cycles, and all preceded months more of pain,\u201d Sentiment Trader noted.<\/p>\n<p>The pattern of reversals extends back well before the pandemic too, but the latest shift between 90% and 40% was the second-fastest since the 2008-2009 financial crisis, Sentiment Trader said. At just nine trading days long, it tied a 2018 reversal for brevity and was just one day longer than the shortest cycle, which occurred in mid-2008.<\/p>\n<p>\u201cInvestors have abandoned ship at a historically rapid pace,\u201d it said. \u201cUnlike most other markets, quick shifts in sentiment have not consistently preceded rebounds. Of the nine other times when investors behaved similarly, only one enjoyed a positive return two or three months later.\u201d<\/p>\n<p>The upshot is that history makes it even harder than usual to be optimistic about trying to catch a falling knife within the group. \u201cCurrently, the indicators we track mostly show deteriorating conditions but oversold indications are few and far between,\u201d the firm concludes. \u201cIt has not been a good sign when we\u2019ve seen deterioration like we\u2019re seeing now.\u201d<\/p>\n<p>It\u2019s an outlook shared by other market strategists as well in recent months, <em>Barron\u2019s <\/em>has noted. Some have argued that better growth is to be found elsewhere, such as in India, whose population recently surpassed China\u2019s, or in other developing markets.<\/p>\n<p>Write to Teresa Rivas at teresa.rivas@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/chinese-tech-stocks-alibaba-tencent-54c50a15?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a blistering start to 2023, stocks are in the midst of a late-summer slog, one that has intensified overseas, particularly for Chinese tech names. August has been a difficult month for the market, including the tech-heavy Nasdaq Composite, which hds fallen 5.7% month to date through Wednesday. And the picture doesn\u2019t look much better [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":49445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-49444","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chinese Tech Investors Jump Ship. Why That&#039;s a Bad Sign. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"After a blistering start to 2023, stocks are in the midst of a late-summer slog, one that has intensified overseas, particularly for Chinese tech names.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=49444\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese Tech Investors Jump Ship. Why That&#039;s a Bad Sign. | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"After a blistering start to 2023, stocks are in the midst of a late-summer slog, one that has intensified overseas, particularly for Chinese tech names.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=49444\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-17T07:14:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-17T07:14:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/1692256492_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=49444#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=49444\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Chinese Tech Investors Jump Ship. Why That&#8217;s a Bad Sign.\",\"datePublished\":\"2023-08-17T07:14:51+00:00\",\"dateModified\":\"2023-08-17T07:14:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=49444\"},\"wordCount\":544,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=49444#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=49444\",\"url\":\"https:\/\/ifintechworld.com\/?p=49444\",\"name\":\"Chinese Tech Investors Jump Ship. Why That's a Bad Sign. | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-17T07:14:51+00:00\",\"dateModified\":\"2023-08-17T07:14:53+00:00\",\"description\":\"After a blistering start to 2023, stocks are in the midst of a late-summer slog, one that has intensified overseas, particularly for Chinese tech names.\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=49444#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=49444\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=49444#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chinese Tech Investors Jump Ship. Why That&#8217;s a Bad Sign.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Chinese Tech Investors Jump Ship. Why That's a Bad Sign. | iFintechWorld","description":"After a blistering start to 2023, stocks are in the midst of a late-summer slog, one that has intensified overseas, particularly for Chinese tech names.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=49444","og_locale":"en_US","og_type":"article","og_title":"Chinese Tech Investors Jump Ship. Why That's a Bad Sign. | iFintechWorld","og_description":"After a blistering start to 2023, stocks are in the midst of a late-summer slog, one that has intensified overseas, particularly for Chinese tech names.","og_url":"https:\/\/ifintechworld.com\/?p=49444","og_site_name":"iFintechWorld","article_published_time":"2023-08-17T07:14:51+00:00","article_modified_time":"2023-08-17T07:14:53+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/1692256492_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=49444#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=49444"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Chinese Tech Investors Jump Ship. Why That&#8217;s a Bad Sign.","datePublished":"2023-08-17T07:14:51+00:00","dateModified":"2023-08-17T07:14:53+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=49444"},"wordCount":544,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=49444#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=49444","url":"https:\/\/ifintechworld.com\/?p=49444","name":"Chinese Tech Investors Jump Ship. Why That's a Bad Sign. | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-17T07:14:51+00:00","dateModified":"2023-08-17T07:14:53+00:00","description":"After a blistering start to 2023, stocks are in the midst of a late-summer slog, one that has intensified overseas, particularly for Chinese tech names.","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=49444#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=49444"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=49444#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Chinese Tech Investors Jump Ship. Why That&#8217;s a Bad Sign."}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/49444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49444"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/49444\/revisions"}],"predecessor-version":[{"id":49446,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/49444\/revisions\/49446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/49445"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}