
Citigroup: Traders' bearish outlook on Chinese tech stocks is a misjudgment, and pessimistic expectations have become a buying opportunity
Citigroup stock trading strategists pointed out that the 1-month 25 Delta put/call skew indicator for KraneShares CSI Overseas China Internet ETF (KWEB) has risen to its highest level since early April. Citigroup believes that this pessimistic expectation presents a buying opportunity. Citigroup strategists predict that, considering the strong momentum brought by artificial intelligence, the upside potential for Chinese concept stocks is "undervalued."

