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Emerging Market ETFs Experience Significant Drop

  +Follow August 21, 2013 11:56AM
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Emerging market investors were hit with bad news on several fronts, as distressing economic developments in three separate countries created cause for concern.

India is still reeling on widespread corporate reform meant to address the outdated financial laws that have been manipulated relentlessly by unscrupulous corporations. Simultaneously, the country is taking measures to stop the rapid plunging of the rupee, and the resulting diminished ability of Indian companies to invest abroad.

Meanwhile, Turkey raised interest rates to combat the quickly depreciating value of their currency, the lira. Turkey has been rocked by protests since the late spring, and their economy has in turn remained turbulent. On Aug. 20 the country took drastic measures to prop up the lira, raising rates a whopping 50 basis points.

Another emerging market experiencing major inner turmoil, Brazil, experienced a major setback when their struggling municipal bond market was brought to a complete standstill. On Aug 21 two major banks, Credit Suisse Group (CS) and Bank of America Corp. (BAC) collected $140 million in fees on borrowings, essentially crippling the country's developing bond market.

Emerging market ETFs fell on the bad news. Direxion Daily Emerging Market Bull 3X Shares ($EDC) dropped 6.56 percent to hit $21.50 a share. iShares MSCI Turkey Invest Market Index (TUR) dropped 4.86 to hit $52.58 a share. Direxion Daily Latin America Bull 3X Shares ($LBJ) fell 5.68 percent to hit $18.60 a share. WisdomTree India Earnings ($EPI) fell 4.4 percent to hit $13.70 a share amid high volume.

Direxion Daily India Bull 3X Shares ($INDL) was the biggest loser on the day, dropping 15.29 percent to hit $33.46 a share.

(image courtesy of Wikimedia Commons)

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for EDC
danrocks
25 Nov 14 10:47:54
$MCD alot of talk going around about this one $QLD $PWE $EDC $SSO $FCX http://t.co/F0S4tlyEDR
danrocks
25 Nov 14 10:17:31
$JNUG Hit my list a few days ago $FTK $BIIB $NUAN $LCI $EDC http://t.co/396FWIKChD
DennyT
25 Nov 14 09:05:55
EDC Financials $EDC $TNA $NKE $GGAL $GE Buy or Sell?,Daily Chart,Current Price,Company News,Is this one to wat http://t.co/K30jvQq8vU
DennyT
25 Nov 14 08:49:43
KWK Stock Chart $KWK $BABA $DND.TO $EDC $GILD Opinion Today,Parabolic SAR,Stock,Headlines,keeping this on watc http://t.co/NuSEzn59g9
danrocks
25 Nov 14 07:41:41
$EDC Hit my list a few days ago $EEM $XLU $SOXL $CMG $JNK http://t.co/EG5guRBIxv
lookn4wins
25 Nov 14 07:11:29
$SCTY Daily Chart $SCTY Most recent stock chart and technical analysis. $EPI $EDC $KO $KGC $TNA $LNKD http://s http://t.co/Qj32988oxP
DennyT
25 Nov 14 07:10:29
JDST Research Reports $JDST $SMH $MCD $CTIX $EDC Barchart Opinion,Current Price,Close,Recent Headlines,Showing http://t.co/5ifWmxaGaa
Seeking Alpha
25 Nov 14 05:03:51
Falling Oil And Rising Growth http://t.co/tVrmVR5m9n $EEM $USO $VWO $OIL $UCO $EDC $SCO $BNO $EDZ $DTO $DBO $SCHE $IEMG $CRUD $EEV $USL
Investors Hangout
24 Nov 14 10:43:16
chartguy89: AEMD Stock Chart $AEMD $QID $EDC $IBM http://t.co/7L4VBs2PMr
Investors Hangout
24 Nov 14 10:43:12
chartguy89: AEMD Stock Chart $AEMD $QID $EDC $IBM http://t.co/nPF3Fz1I5Q
chartguy89
24 Nov 14 10:24:38
AEMD Stock Chart $AEMD $QID $EDC $IBM http://t.co/3UX1jBvmZ1 http://t.co/fzOinKFxuE
jim50
24 Nov 14 09:50:46
$EDC Current Price Date=Nov-24-2014 Open=27.71 High=27.71 Low=27.38 Close=27.53 Volume=583712 http://t.co/DP3AzHdq8e
lookn4wins
24 Nov 14 09:44:43
$TSLA Chart $TSLA Most recent stock chart and technical analysis. $GILD $ARIA $IYR $GHDX $EDC $LVGI http://sto http://t.co/98Y5joraFn
Jake13
24 Nov 14 08:13:40
$TNA Buy or Sell? Click here to find out if $TNA is a buy hold or sell. Watching these stocks. $EDC $ITB $FNMA http://t.co/AcMKOzVj8H
Solo traders
24 Nov 14 08:00:47
$EDC - Sell On The Pop Prospects: November 24th Edition http://t.co/uzFRmTB7Qn
Investors Hangout
24 Nov 14 07:07:12
danrocks: $GDXJ Alert $DBC $TZA $EDC $CTIX $TBEV http://t.co/RU9OZ6nBxV
Investors Hangout
24 Nov 14 07:07:12
danrocks: $GDXJ Alert $DBC $TZA $EDC $CTIX $TBEV http://t.co/DCNNvrifZP
Investors Hangout
24 Nov 14 06:52:26
Emylers: $EDC Up to date company activities and other http://t.co/Iygj21grxj
Investors Hangout
24 Nov 14 06:52:25
Emylers: $EDC Up to date company activities and other http://t.co/q4RdUiIlCU
danrocks
24 Nov 14 06:41:35
$GDXJ Alert $DBC $TZA $EDC $CTIX $TBEV http://t.co/C3wl1oGDnf
Emylers
24 Nov 14 06:40:13
$EDC Up to date company activities and other important information about $EDC http://t.co/B4yyP2wDkW
Brix
24 Nov 14 06:31:55
looking for long term holds? $AP $EDC $MEG
Rolly Atienza
23 Nov 14 21:13:15
$EDC Bacman geothermal facility now completely operational http://t.co/yIE43SIOjL
Marc Guevara
23 Nov 14 16:46:17
RT @BPItrade: $EDC ends arbitration over BacMan plant http://t.co/Bqi4WHTLHf via @sharethis
BPI Trade
23 Nov 14 15:48:40
$EDC ends arbitration over BacMan plant http://t.co/Bqi4WHTLHf via @sharethis
iHangout
23 Nov 14 10:34:05
lookn4wins: The Launch Pad: EDC 49.468 Stock Charts $EDC Consolidated Edison http://t.co/92WLtKCyF3
Investors Hangout
23 Nov 14 10:33:36
lookn4wins: EDC 49.468 Stock Charts $EDC Consolidated Edison http://t.co/p0GZwWkBjB
Investors Hangout
23 Nov 14 10:33:36
lookn4wins: EDC 49.468 Stock Charts $EDC Consolidated Edison http://t.co/O36YuRpPyZ
lookn4wins
23 Nov 14 10:31:31
EDC 49.468 Stock Charts $EDC Consolidated Edison Inc. (FRA) Any opinions on EDC? Please reply to this post. La http://t.co/pQzV2zEZ9p
Yosuph M. Asani
22 Nov 14 00:14:28
$EDC BacMan geothermal facility now completely operational @philstarbiznews http://t.co/uEhQC6TYpJ via @sharethis
Pete
21 Nov 14 13:18:53
$EDC looking for that $35 to be taken out.
Pete
21 Nov 14 10:21:12
$EDC back over $30's.
Iván Santiago
21 Nov 14 09:25:52
$EDC +6.70%
BacardiTrader
21 Nov 14 07:28:41
$EDC creo q podria ir a buscar 460 pesos en los siguientes meses
Penny Stocks Blog
21 Nov 14 05:00:33
RT @StockKingz: Premarket Gainers- $BID $SPLK $JNUG $CLF $ERX $JRJC $RESN $EDC $ROST $SBGL $SFUN $SCTY $NUGT $EYES #stocks #trading
StockKingz
21 Nov 14 04:57:10
Premarket Gainers- $BID $SPLK $JNUG $CLF $ERX $JRJC $RESN $EDC $ROST $SBGL $SFUN $SCTY $NUGT $EYES #stocks #trading
Timm Anderson
21 Nov 14 04:51:37
early movers 5% or more $GASL $CLF $BID $SPLK $ERX $RESN $EDC $JNUG $ROST $SBGL $SFUN $UWTI $JRJC
Seeking Alpha - All
21 Nov 14 03:21:22
Dynamics Of A New Regime: What's Changed Around The World? http://t.co/dEUcvC5WrC $EEM $FXI $VWO $DXJ $EWJ $VGK $VB $EDC $FEZ $VO $VBR
Brix
20 Nov 14 22:02:27
To sum up my trading week: $2GO, $EDC, $PLC Glory to God.
Aman Pizarro
20 Nov 14 21:57:04
RT @camcfeliciano: $EDC settles dispute with Bacman power plant contractor; discontinues arbitration initiated in Nov 2013 @bworldph
Frodo
20 Nov 14 21:00:46
RT @camcfeliciano: $EDC settles dispute with Bacman power plant contractor; discontinues arbitration initiated in Nov 2013 @bworldph
BusinessWorld
20 Nov 14 20:10:48
RT @camcfeliciano: $EDC settles dispute with Bacman power plant contractor; discontinues arbitration initiated in Nov 2013 @bworldph
Claire Feliciano
20 Nov 14 19:49:16
$EDC settles dispute with Bacman power plant contractor; discontinues arbitration initiated in Nov 2013 @bworldph
Company Disclosures
20 Nov 14 16:20:01
$EDC: Material Information/Transactions #PseDisclosure http://t.co/lmw8Vtmj3A
Isaiah Perez
20 Nov 14 13:05:18
$EDC broadening top #PSE http://t.co/DnqIsV5kEd
Chasing Stars
19 Nov 14 22:14:52
$CMG Chart Click Here: http://t.co/hSaloN7uBW Also See: $GMCR $EDC $HGD.TO $FGEN ~
Jesse
19 Nov 14 08:54:37
RT @Philstocks_ACEC: $EDC EDC eyes 550-MW wind power capacity
Belen San Juan
17 Nov 14 19:18:52
$EDC ❤️❤️❤️ #PSEi
Philstocks.ph
17 Nov 14 18:19:45
$EDC EDC eyes 550-MW wind power capacity
Investment Juan01
17 Nov 14 18:01:21
Market seems to appreciate $EDC and $FGEN reports and plans. Their mama though, $FPH remains lagging behind.
				
				
  +Follow August 21, 2013 11:56AM
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