The 120 day correlation coefficient between QQQ, which measures the performance of technology stocks in the US market, and KWEB, which measures the performance of Chinese technology stocks, has dropped to 0.1. The correlation between Chinese and American technology stocks from 2013 to 2020 can reach 0.6-0.8. After 2022, the correlation between the two will only be around 0.1. According to the FinGraph team's calculations, this is the lowest correlation coefficient between the two since data is available, indicating a complete decoupling between Chinese and American technology stocks