There were no changes to the KraneShares models this week.
Chinese equities edged modestly higher over the past week, supported by anticipation of a meeting between President Trump and Chinese President Xi Jinping. The discussion is expected to focus in part on tensions in the Middle East, with the U.S. likely urging China to apply pressure on Iran to promote de-escalation and mitigate further disruption (source: reuters.com).
In addition, the meeting aims to address the still-fragile U.S.–China trade relationship, a key area of uncertainty in recent months. Given the breadth of topics on the agenda, the outcome could serve as a near-term catalyst for Chinese equity markets. For investors seeking exposure to Chinese equities, it may be prudent to wait until after the meeting, as the event could introduce heightened volatility. This week, we highlight:
The KraneShares Electric Vehicles & Future Mobility Index ETF (KARS) provides exposure to the EV space in China. The fund completed a double top break at $33 and currently sits in all-time high territory, with a year-to-date performance above 24%. KARS maintains a near perfect fund score of 5.94, with a positive score direction of 0.82. The weekly OBOS indicates that the stock is in overbought territory, so wait for a normalization of the 10-week trading band before considering. Initial strong support is at $30.50, with additional support at $29.
