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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India is still reeling on widespread corporate reform meant to address the outdated financial laws that have been manipulated relentlessly by unscrupulous corporations.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)

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Results for EDC
Stock Tips
2 Sep 15 18:58:49
24DV4NC3D gave $EDC a STRONG BUY rating - #technicalPlay http://t.co/OG3yBB9yry
Alisa Strategy®
2 Sep 15 18:28:13
#TRMX $EDC RESISTENCIA CLAVE INTRADIA: 13.05 SOPORTE REAL INTRADIA: 10.66 TARGET ALCISTA SI SUPERA RESISTENCIA CLAVE: 13.33 Y 15.99
neto
2 Sep 15 15:54:11
@Nash_Traders 2 cosas. 1. Vas a anunciar en tiempo real cuando compres $angel???. 2. Qué pasó con el análisis diario de $edc y$edz? Saludos
Zen Trader Mx
2 Sep 15 13:01:45
Vaya dia. Nos quedamos largos $EDC. Con los chinos fuera por dos días, ECB mañana, y la dirección del técnico hoy, no se ve mal. Provecho!
Quartermaster
2 Sep 15 11:42:44
Sold $edc gain $chau flat
Experto Bursatil
2 Sep 15 11:41:40
RT @ZenTraderMx: $EEM en esquizofrenia mode. No tuvimos tiempo de postear entradas y salidas. El portafolio ha salido verde, y ahorita tamo…
Zen Trader Mx
2 Sep 15 11:36:32
$EEM en esquizofrenia mode. No tuvimos tiempo de postear entradas y salidas. El portafolio ha salido verde, y ahorita tamos largos $EDC
Paul Jason Jorda
2 Sep 15 09:13:39
$EDC $SPC $AP $TA BusinessWorld | EDC unit lone bidder for Leyte power contract https://t.co/IcCM32C10N via @sharethis
AMANDA
2 Sep 15 05:40:11
Asia en negativo sin dramas Europa en positivo sin pasiones Fut USA ligeramente positivos PM $EDC $FAS Positivos PM $EDZ $FAZ Negativos
Zen Trader Mx
1 Sep 15 12:39:49
Cerradísimo $EDC. Ni fiado salió ese casque.
chch
1 Sep 15 11:55:45
Posiblemente aumentemos posiciones en $edc sin miedo jaja
Zen Trader Mx
1 Sep 15 10:01:50
Aguantando $EDC
Zen Trader Mx
1 Sep 15 07:39:37
Largo $EDC con $EEM @ 32.85
jg
1 Sep 15 07:18:15
Esperar a $edc por debajo de 180
Seeking Alpha
1 Sep 15 06:13:55
5 Trends That Are Shredding The Global Economy http://t.co/jSEAX0U1QZ $EEM $FXI $VWO $EDC $YINN $PGJ $GXC $EDZ $FXP $SCHE $IEMG $YANG
Stock Market Outlook
1 Sep 15 06:13:54
5 Trends That Are Shredding The Global Economy http://t.co/Yuvfd8SArK $EEM $FXI $VWO $EDC $YINN $PGJ $GXC $EDZ $FXP $SCHE $IEMG $YANG
Seeking Alpha
1 Sep 15 06:13:54
5 Trends That Are Shredding The Global Economy http://t.co/NUJfsq8qKP $EEM $FXI $VWO $EDC $YINN $PGJ $GXC $EDZ $FXP $SCHE $IEMG $YANG
Hisurfexp
31 Aug 15 23:49:23
$REGI $8.42 673,455.00 $EDC $13.56 2,917,765.00 $PWE $0.77 4,048,798.00 $OLN $19.96 1,361,185.00 $MTX $53.79 261,905.00
Jason Olive
31 Aug 15 18:49:31
RT @SeekingAlpha: Is There Any Hope For Emerging Markets? http://t.co/JDy0whquDx $EEM $VWO $EDC $EDZ $SCHE $IEMG $EMF $MSF $EEV $ADRE $EET …
Ansley
31 Aug 15 18:38:49
RT @SeekingAlpha: Is There Any Hope For Emerging Markets? http://t.co/JDy0whquDx $EEM $VWO $EDC $EDZ $SCHE $IEMG $EMF $MSF $EEV $ADRE $EET …
Seeking Alpha
31 Aug 15 18:34:54
Is There Any Hope For Emerging Markets? http://t.co/wlG7LA79QQ $EEM $VWO $EDC $EDZ $SCHE $IEMG $EMF $MSF $EEV $ADRE $EET $EUM $GMM $DBEM
Stock Market Outlook
31 Aug 15 18:34:53
Is There Any Hope For Emerging Markets? http://t.co/Sh5yj3YT8q $EEM $VWO $EDC $EDZ $SCHE $IEMG $EMF $MSF $EEV $ADRE $EET $EUM $GMM $DBEM
Seeking Alpha
31 Aug 15 18:34:53
Is There Any Hope For Emerging Markets? http://t.co/JDy0whquDx $EEM $VWO $EDC $EDZ $SCHE $IEMG $EMF $MSF $EEV $ADRE $EET $EUM $GMM $DBEM
Zen Trader Mx
31 Aug 15 09:58:51
Recuperamos con ganancia. Cerrado el largo $EDC con $EEM @ 33.73. +3.4%
Zen Trader Mx
31 Aug 15 07:29:51
Nos tronó el stop y ahí rebotó. Muy bien. Largos $EDC again con $EEM @ 33.35
Zen Trader Mx
31 Aug 15 07:04:42
Cerrado $EDC con $EEM @ 33.30
Zen Trader Mx
31 Aug 15 06:37:47
Compramos más $EDC con $EEM @ 33.48. Promediamos @ 33.53.
leahanne
30 Aug 15 18:42:03
MYEC MyECheck, Inc. Message Board Posts http://t.co/WPsGQmieS4 $MYEC $TNA $EDC $SKX #MYEC #finance #stock
Stock Forums
30 Aug 15 18:38:14
GS Goldman Sachs Group, Inc. Chart http://t.co/t3qAZ0dNzF $GS $HEMP $UNG $EDC #GS #nasdaq #tradeideas
IH NASDAQ OMX
30 Aug 15 18:35:08
EDC Direxion Daily Emerging Markets Bull 3x Shares Short Sales http://t.co/CzpOJA9216 $EDC $MDVN $BP $HD #EDC #invest #stock
Alisa Strategy®
30 Aug 15 18:03:06
@aldotmx #TRMX $EDC ESPECULACIÓN SEMANAL RESISTENCIA CLAVE: 15.4498 SOPORTE REAL: 11.4697 SI RESPETA LOS 12.60 PUEDE MOVERSE ALCISTA!
Alisa Strategy®
30 Aug 15 18:01:05
@gdigiusto Después de $EDC posteare lo que me solicitas... saludos..
#HelpYouGetGAINS
30 Aug 15 17:50:39
China's Road To Recovery Brings Emerging Market Turmoil http://t.co/o8jzgAplp7 … $EEM $FXI $VWO $EDC $YINN $PGJ $GXC $EDZ $FXP $SCHE $IEMG
lookn4wins
30 Aug 15 15:53:17
XLK Technology Select Sector SPDR Ideas http://t.co/2bpo1syJIR $XLK $XLK $EDC $HD #XLK #investing #pennystocks
Investors Hangout
30 Aug 15 15:52:38
TWTR Twitter, Inc. Financials http://t.co/vwvIUkHnub $TWTR $EDC $IWO $HD #TWTR #share #share
jim50
30 Aug 15 15:47:36
TQQQ ProShares UltraPro QQQ Open http://t.co/sjRpwKoWUn $TQQQ $USO $BEN $EDC #TQQQ #invest #nasdaq
Stock Forums
30 Aug 15 15:44:14
OEF S&P 100 Index Fund - iShares Ex-Div Date http://t.co/1fEcZ6CQc9 $OEF $NGD $EDC $F #OEF #stock #tradeideas
IH NASDAQ OMX
30 Aug 15 15:44:14
NUGT Direxion Daily Gold Miners Bull 3x Shares Prev Close http://t.co/bbI9fK6MCM $NUGT $NTAP $EDC $TZA #NUGT #finance #stocks
DennyT
30 Aug 15 15:36:06
EDC Direxion Daily Emerging Markets Bull 3x Shares Message Board Posts http://t.co/5wDw5rniXH $EDC $XLE $APU $GILD #EDC #finance #share
Stock_Tracker
30 Aug 15 15:35:33
EDC Direxion Daily Emerging Markets Bull 3x Shares 52Wk Low http://t.co/wwBrFHnkbk $EDC $MO $AVGO $C #EDC #tradeideas #investing
IH NASDAQ OMX
30 Aug 15 15:34:05
CRM http://t.co/35JuM5PaaS, Inc. Ideas http://t.co/lBo2XmnfZb $CRM $TTT $SBUX $EDC #CRM #investing #pennystocks
lookn4wins
30 Aug 15 15:33:36
BND Vanguard Total Bond Market Ideas http://t.co/CJ1mEvVVXI $BND $EDC $VLO $LINE #BND #share #share
danrocks
30 Aug 15 15:33:34
AXP American Express Co. Dividend http://t.co/a3sB9etTo0 $AXP $EDC $PG $BIIB #AXP #stock #stock
Emylers
30 Aug 15 15:32:15
AA Alcoa, Inc. Stock Message Board http://t.co/N49li4Bv42 $AA $CURE $PBR $EDC #AA #investing #tradeideas
leahanne
30 Aug 15 14:45:07
SJM The J. M. Smucker Co. Financials http://t.co/JLPoPRgw0c $SJM $BTU $TLT $EDC #SJM #stockmarket #share
danrocks
30 Aug 15 14:35:05
EVTI Eventure Interactive, Inc. Shares http://t.co/xISQWr8hLt $EVTI $TRV $EDC $VEU #EVTI #stocks #share
Emylers
30 Aug 15 13:38:34
IEO iShares Dow Jones U.S. Oil & Gas Exploration & Production Last Trade http://t.co/Pu0lCkWXXS $IEO $PIN $EDC $XLU #IEO #tradeideas…
Jake13
30 Aug 15 13:35:38
EUM ProShares Short MSCI Emerging Markets News http://t.co/NCKHUKSMoj $EUM $ELLI $EDC $PKW #EUM #stocks #finance
Rosner Stocks
30 Aug 15 13:35:12
EDC Direxion Daily Emerging Markets Bull 3x Shares Day High http://t.co/xmbInFq5L4 $EDC $FCFI $BIB $JDST #EDC #investing #stockmarket
kenr0966
30 Aug 15 08:44:09
RT @SeekingAlpha: China's Road To Recovery Brings Emerging Market Turmoil http://t.co/evHg5hdGr0 $EEM $FXI $VWO $EDC $YINN $PGJ $GXC $EDZ $…
				
				
  +Follow August 21, 2013 11:56AM
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