There are no model changes this week
There are no model changes this week
The tariff picture has improved slightly over the past week. Although the Ministry of Commerce refuted the idea that Chinese officials were negotiating with the United States, the group’s press conference did mention that the governing was “conducting an assessment” (chinalastnight). According to China Last Night, it was the Trump administration that reached out first after initially imposing the tariffs against China. (chinalastnight). Regardless of which party reached out first, progress on the trade front is encouraging.
Despite no changes over the course of the last week, Chinese equities saw notable improvement across the board. The KraneShares Tactical Emerging Markets Model TR Model (KRANETACTEM.TR) was up 3.88% over the course of the previous seven days. Notable performers include the KraneShares Hang Seng TECH Index ETF (KTEC), although it faced technical deterioration in April amid tariff uncertainty. KTEC has reversed off of a support of $13 which ultimately allowed the fund to break a double top at $15.50 in late April. From here, KTEC faces no overhead resistance until $18.50. KTEC has a strong fund score of 4.99 and is up over 19% year-to-date as of Monday’s close (5/5/25) and over 5% over the past seven days. Initial support can be seen at $14.25 with additional support at $13.
