Hang Seng fell 1.82% Tuesday vs Shanghai's 1.37% as Fed hike odds approach 70%

The dollar index broke 101 and Hong Kong's USD peg imports that directly (HKMA base rate at 4.0%, HIBOR pressure), while the PBOC holds record low LPRs with an easing bias. Same China tech companies, two completely different rate environments. I was looking at my KWEB position and realized I'm basically only long the HK side. KWEB holds zero A shares. CQQQ uses a 25% inclusion factor. Neither gives you real exposure to mainland China tech. The A share names (CATL, Cambricon, Zhongji Innolight) g