--- title: "Weekly Recap | KWEB.US -1.03%, closing in on record highs" type: "News" locale: "en" url: "https://longbridge.com/en/news/298106808.md" description: "KWEB.US fell 1.03% this week to $26.05, lagging the S&P 500 by about 1.12 percentage points (the benchmark added 0.09%). The ETF opened Monday at $26.26, slipped through the middle of the week and touched a low of $25.24 on Thursday (Sep 3), before rebounding to close at $26.05 on Friday (Sep 4). Weekly amplitude was 4.09%, with average daily volume running about 36% below its 60-day median. The close still sits below both the 20-day ($26.653) and 60-day ($26.482) moving averages." datetime: "2026-09-05T09:15:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298106808.md) - [en](https://longbridge.com/en/news/298106808.md) - [zh-HK](https://longbridge.com/zh-HK/news/298106808.md) generator: "portal-rs" --- # Weekly Recap | KWEB.US -1.03%, closing in on record highs ## The Week KWEB.US fell 1.03% this week to $26.05, lagging the S&P 500 by about 1.12 percentage points (the benchmark added 0.09%). The ETF opened Monday at $26.26, slipped through the middle of the week and touched a low of $25.24 on Thursday (Sep 3), before rebounding to close at $26.05 on Friday (Sep 4). Weekly amplitude was 4.09%, with average daily volume running about 36% below its 60-day median. The close still sits below both the 20-day ($26.653) and 60-day ($26.482) moving averages. ## Sector News Sentiment in China’s internet sector was largely shaped by shifting Fed policy expectations and stock-specific moves. Chair Warsh’s remarks were read as lowering the bar for a September hike, and markets briefly priced near-even odds of a hike, weighing on rate-sensitive growth names. Among constituents, Trip.com was the standout laggard: HSBC cut the stock to hold, while Morgan Stanley trimmed its target to $52 but kept an overweight rating. Alibaba-linked shares slipped on placement-related dilution concerns, while KE Holdings rose 3.27% for the week, supported by continued buybacks. UOB Kay Hian flagged accelerating AI cloud adoption across Greater China internet names, soft e-commerce and resilient gaming. ## The Week Ahead The coming week is heavy on macro data. Tuesday (Sep 8) brings the NFIB Small Business Optimism Index; Thursday (Sep 10) delivers initial jobless claims, final demand PPI, existing home sales and the 10-year note auction. PPI and claims will test how markets price the September meeting. On the corporate side, Trip.com reports second-quarter and first-half 2026 results on Sep 15 US time, with wide disagreement among sell-side targets. Delivery against estimates will be a key swing factor for sector sentiment. ## In Short This week’s pullback in KWEB.US coincided with a hawkish repricing of Fed expectations, while performance within the fund was split: buyback-driven KE Holdings held up, while e-commerce and travel names dragged. Trading remained below median pace, and the latest session’s flows showed large and medium orders as net buyers even as small orders turned net sellers, pointing to a defensive tilt in positioning. The path next week hinges on whether PPI and jobless claims shift the hike calculus, and whether Trip.com’s earnings can steady the travel complex. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [KWEB.US](https://longbridge.com/en/quote/KWEB.US.md) - [CWEB.US](https://longbridge.com/en/quote/CWEB.US.md) ## Related News & Research - [China's Gaming Market Posts Double-Digit Growth in First Half on AI, Policy Support](https://longbridge.com/en/news/294356865.md) - [M Stanley: WeChat AI Agent a Key Catalyst for TENCENT](https://longbridge.com/en/news/288533595.md) - [KANZHUN LIMITED Files Its Annual Report on Form 20-F | BZ Stock News](https://longbridge.com/en/news/284582338.md) - [Tencent says no major layoffs planned, says it is different from Silicon Valley companies](https://longbridge.com/en/news/286372147.md) - [CN Reportedly Exploring Tighter Export Controls on AI and Semis Technologies to Close Overseas Acquisition Loopholes](https://longbridge.com/en/news/293302176.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**