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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India is still reeling on widespread corporate reform meant to address the outdated financial laws that have been manipulated relentlessly by unscrupulous corporations.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
John
30 Jul 15 04:58:14
RT @RectitudeMarket: ETFs-Changes in Heat-Map $ERX (Energy) $EDC (Emerging Markets) http://t.co/9YgFN3yQ0R
nj46nick
30 Jul 15 04:16:00
RT @RectitudeMarket: ETFs-Changes in Heat-Map $ERX (Energy) $EDC (Emerging Markets) http://t.co/9YgFN3yQ0R
Rectitude Market
30 Jul 15 03:22:58
ETFs-Changes in Heat-Map $ERX (Energy) $EDC (Emerging Markets) http://t.co/9YgFN3yQ0R
IH NASDAQ OMX
30 Jul 15 01:47:39
XLU Utilities Select Sector SPDR 52Wk Low http://t.co/08kAb8chZs $XLU $LIBE $EDC $C #XLU #investing #stock
PolgarStocks
30 Jul 15 01:46:14
URTY ProShares UltraPro Russell2000 52Wk High http://t.co/ZuhgTtA07v $URTY $JPNL $EDC $ORLY #URTY #pennystocks #finance
danrocks
30 Jul 15 00:48:34
XLF Financials Select Sector SPDR Exchange http://t.co/H7kjOfqzCB $XLF $DRIO $HZNP $EDC #XLF #tradeideas #stocks
Investors Hangout
30 Jul 15 00:42:04
NUGT Direxion Daily Gold Miners Bull 3x Shares Last Trade http://t.co/Ab5fsiDEfS $NUGT $HJOE $EDC $BABA #NUGT #tradeideas #pennystocks
nasdaqfan
30 Jul 15 00:40:21
GREK Global X FTSE Greece 20 ETF Tick http://t.co/KRUROwGVB4 $GREK $RGLD $EDC $UGLD #GREK #share #finance
nasdaqfan
30 Jul 15 00:38:38
FV First Trust Dorsey Wright Focus 5 ETF 52Wk Low http://t.co/8K3rPEbkLd $FV $EDC $MFI.TO $DWTI #FV #stocks #investing
IH NASDAQ OMX
30 Jul 15 00:36:39
EDC Direxion Daily Emerging Markets Bull 3x Shares 52Wk High http://t.co/uGFuoBJNct $EDC $UPL.IN $DXJ $BF/B #EDC #invest #investing
leahanne
30 Jul 15 00:36:35
EDC Direxion Daily Emerging Markets Bull 3x Shares Quotes http://t.co/TFOqcWS9Bv $EDC $TNA $TWTR $CELG #EDC #share #stockmarket
Investors Hangout
30 Jul 15 00:35:20
CELG Celgene Corp. Change http://t.co/2m0ptylYiE $CELG $APP $EDC $VGPMX #CELG #invest #tradeideas
Company Disclosures
29 Jul 15 23:20:01
$EDC: Notice of Analysts'/Investors' Briefing #PseDisclosure http://t.co/JjgeeXTDCm
danrocks
29 Jul 15 16:45:34
SPXL Direxion Daily S&P 500 Bull 3X Shares P/E Ratio http://t.co/OLZBiKBkyh $SPXL $GLD $PG $EDC #SPXL #stocks #pennystocks
Somanath
29 Jul 15 16:38:05
Jim5011 : CELG Celgene Corp. Current Price http://t.co/hVK9P8nx83 $CELG $CVC $ACHC $EDC… http://t.co/VuhnEH62WC) http://t.co/JjOQFYpqmi
Investors Hangout
29 Jul 15 16:35:35
CVX Chevron Corp. 52Wk Low http://t.co/TTmQKtvQH0 $CVX $VDE $EDC $EW #CVX #pennystocks #invest
jim50
29 Jul 15 16:34:03
CELG Celgene Corp. Current Price http://t.co/B42hRexiPq $CELG $CVC $ACHC $EDC #CELG #stockmarket #nasdaq
Jake13
29 Jul 15 16:33:34
BWLD Buffalo Wild Wings Inc. Current Price http://t.co/O35ekUrpvL $BWLD $EDC $BAC $AMGN #BWLD #stock #stock
Emylers
29 Jul 15 16:33:03
BAC Bank Of America Corp. EOD Data http://t.co/BXWfHhhtPn $BAC $EDC $TLT $XIV #BAC #share #investing
IH News Desk
29 Jul 15 16:33:03
BIB ProShares Ultra NASDAQ Biotechnology P/E Ratio http://t.co/glYah6TEbz $BIB $XLU $EDC $DIS #BIB #pennystocks #invest
clayton
29 Jul 15 15:50:14
XLE Energy Select Sector SPDR Current Price http://t.co/tPNQKHU8cl $XLE $ECIG $EDC $AAL #XLE #stock #nasdaq
leahanne
29 Jul 15 15:50:08
XLE Energy Select Sector SPDR Day Low http://t.co/4hhK7JFgT2 $XLE $GLD $EDC $IHSI #XLE #invest #invest
Jake13
29 Jul 15 15:50:07
XOMA XOMA Ltd. Day High http://t.co/PunMel6cQZ $XOMA $CTLE $EDC $DATA #XOMA #tradeideas #nasdaq
IH NASDAQ OMX
29 Jul 15 15:48:34
VNQ Vanguard REIT VIPERs 52Wk High http://t.co/NZd356Me9f $VNQ $XLY $EDC $MJMJ #VNQ #invest #finance
danrocks
29 Jul 15 15:44:35
SHAK Shake Shack Inc. Tick http://t.co/6PX0eBlalF $SHAK $AVGO $KITE $EDC #SHAK #pennystocks #finance
DennyT
29 Jul 15 15:42:03
NEM Newmont Mining Corp. Ask http://t.co/DaT90qargi $NEM $EDC $FEYE $FXE #NEM #finance #stockmarket
lookn4wins
29 Jul 15 15:41:35
MRK Merck & Co., Inc. Message Board Posts http://t.co/oTNso3Lv3C $MRK $AMZN $RSX $EDC #MRK #stocks #investing
danrocks
29 Jul 15 15:41:33
MO Altria Group Inc. 52Wk Low http://t.co/pP1vZP7tFi $MO $DATA $EDC $PANW #MO #finance #finance
PolgarStocks
29 Jul 15 15:38:38
EWZ Brazil iShares Summary http://t.co/tr3QzVIsPK $EWZ $EDC $EA $MYEC #EWZ #nasdaq #finance
leahanne
29 Jul 15 15:38:10
FNMA Federal National Mortgage Exchange http://t.co/ABIvG13iJ7 $FNMA $VLO $EDC $ABX #FNMA #tradeideas #tradeideas
DennyT
29 Jul 15 15:38:09
FIT Fitbit, Inc. Exchange http://t.co/iAyP5G2ga8 $FIT $HEDJ $NVAX $EDC #FIT #stocks #share
IH News Desk
29 Jul 15 15:37:10
FIT Fitbit, Inc. % Change http://t.co/ZQ3kYR3NvH $FIT $XLV $UVXY $EDC #FIT #nasdaq #stocks
Stock_Tracker
29 Jul 15 15:37:05
EDC Direxion Daily Emerging Markets Bull 3x Shares Prev Close http://t.co/sDxaVAmXCU $EDC $UVXY $JNJ $DOW #EDC #invest #tradeideas
Stock_Tracker
29 Jul 15 15:37:04
EDC Direxion Daily Emerging Markets Bull 3x Shares Last Trade http://t.co/1yml07MQIG $EDC $XME $SLV $XOMA #EDC #tradeideas #pennystocks
IH News Desk
29 Jul 15 15:36:08
EDC Direxion Daily Emerging Markets Bull 3x Shares Filings http://t.co/lYJVjLjKyK $EDC $AVXL $NFLX $JNUG #EDC #pennystocks #finance
Stock Forums
29 Jul 15 15:36:07
EDC Direxion Daily Emerging Markets Bull 3x Shares Chart http://t.co/1YctTvHZgf $EDC $TITXF $FXE $FXI #EDC #investing #stockmarket
Stock Forums
29 Jul 15 15:36:07
EDC Direxion Daily Emerging Markets Bull 3x Shares Investor Opinions http://t.co/htvKRkVCGU $EDC $XLE $FV $SH #EDC #nasdaq #invest
Stock Forums
29 Jul 15 15:36:06
EDC Direxion Daily Emerging Markets Bull 3x Shares Open http://t.co/4bqXu3NG9s $EDC $COST $SKX $GE #EDC #stockmarket #stockmarket
jim50
29 Jul 15 15:36:06
EDC Direxion Daily Emerging Markets Bull 3x Shares 52Wk High http://t.co/Rbfjq0yNda $EDC $HAL $AU $XOP #EDC #invest #nasdaq
DennyT
29 Jul 15 15:33:05
AVXL Anavex Life Sciences Corp. Tick http://t.co/aZiqLo2LhE $AVXL $EDC $UA $RDSH #AVXL #stockmarket #stockmarket
Emylers
29 Jul 15 15:32:14
AMBA Ambarella, Inc. Message Board Posts http://t.co/co3DFafb2H $AMBA $XME $EDC $XLE #AMBA #tradeideas #finance
dailystockplays.com
29 Jul 15 14:49:56
Stochastic Buy http://t.co/EK3LkVtMaF $LOCK $SEE $OIH $RUSL $EXC $CVEO $BEN $EDC $SPN $PTEN $KSS $CPE $BBBY $BBG $ONVO $PSEC $DISH $RIO
Investors Hangout
29 Jul 15 12:50:22
XIV VelocityShares Daily Inverse VIX Short Term ETN Day Low http://t.co/U3D3n1h54k $XIV $BWLD $EDC $XLI #XIV #finance #stocks
nasdaqfan
29 Jul 15 12:49:13
WJA.TO WestJet Airlines Ltd. Stock Forum http://t.co/RBiHqdte14 $WJA.TO $EDC $IWM $ARIA #WJA.TO #tradeideas #share
Eugenio
29 Jul 15 12:48:33
$EDC podría dar un día más para arriba, sin posición
lookn4wins
29 Jul 15 12:47:14
TQQQ ProShares UltraPro QQQ % Change http://t.co/CkUtgYvZsR $TQQQ $HYG $TVIX $EDC #TQQQ #stockmarket #nasdaq
Investors Hangout
29 Jul 15 12:47:08
SSO ProShares Ultra S&P 500 Fund Bid http://t.co/GK3GC4AhJn $SSO $XLK $SPHB $EDC #SSO #nasdaq #share
Lucky Jimmy
29 Jul 15 12:46:12
SOXL Direxion Daily Semiconductor Bull 3x Shares E.P.S. http://t.co/bzhNl1mmT5 $SOXL $TLT $BABA $EDC #SOXL #invest #finance
Stock_Tracker
29 Jul 15 12:46:10
TBT ProShares UltraShort 20+ Year Treasury Shares http://t.co/c4TruTPqsF $TBT $EDC $SCO $IYR #TBT #pennystocks #pennystocks
leahanne
29 Jul 15 12:45:35
SPPI Spectrum Pharmaceuticals, Inc. EOD Data http://t.co/Zx2vLz6OJZ $SPPI $XLB $ERX $EDC #SPPI #stock #stock
				
				
  +Follow August 21, 2013 11:56AM
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