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Emerging Markets ETFs Down Again on China Data

By  +Follow January 9, 2014 11:35AM
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2014 has already proven a bad year for emerging market equities, and Thursday brought another day with stories that are now familiar: emerging market ETFs fall on plunging equities in China and Brazil. The iShares MSCI Emerging Markets Index ETF (EEM) fell just over 1.25 percent in early trading before recovering to losses just under 1 percent.

Driving losses was clearly some of the same culprits that have been in the news since mid-December: China, Brazil, and Turkey.

The iShares FTSE China 25 Index ETF (FXI) was off as much as 2.38 percent before recovering to losses just under 2 percent by early afternoon. The iShares MSCI China Index Fund (MCHI) was also down, losing more than 1.5 percent in early trading. The iShares MSCI Brazil Index ETF ($EWZ) plunged over 2 percent, and the iShares MSCI Turkey Index ETF (TUR) was off around 1.25 percent.

China Stocks Fall to Five-Month Low

The Chinese equities market continues to fall due to a variety of economic figures that indicate contracting growth. The Shanghai Shenzen CSI 300 Index is off almost 9.5 percent in the last month alone.

“China is slowing down; what they don’t want is a hard landing,” said Prudential Financial market strategist Quincy Krosby to Bloomberg by phone. “There’s also an adjustment process as the Fed begins to taper. As the data begin to gain more traction than initially expected, you’d have the Treasury market making adjustments, and that has ramifications in the emerging markets.”

Driving today’s decline could be a few different factors. December inflation numbers showed the rate declining to 2.5 percent in December from 3 percent in November, potentially another sign of an economic slowdown.

Prices could also be depressed in anticipation of a flood of pending IPOs.

“There are many new stocks that will be released so there are liquidity concerns,” said Tebon Securities analyst Zhang Haidong. “There may be 50 new IPOs in January -- this is going to add pressure and weigh on the market.”

Brazil Stocks Follow China

And in another familiar move, declining economic prospects in China led to declining prospects in Brazil, which exports materials to China. The Ibovespa Brasil Sao Paolo Exchange Index fell almost 2.5 percent, marking a decline of over 10 percent since late October.

"Inflation came in lower-than-expected in China, which means a slowdown in consumption. Metal shares are down in Europe, which impacts steelmakers and metal producers here," said Renascença DTVM trader Luiz Roberto Monteiro.

Results for EEM
FMD Capital
17 Apr 14 14:23:26
VIDEO: April 2014 Chart Review http://t.co/60S98roep0 $SPY $EEM $SOCL $QQQ $GLD
Soundcloud Comments
17 Apr 14 14:17:17
RT @5100Dell: #NEW #SONG #GOLISTEN ‘Hammer Bang Ft $eem’ https://t.co/LH5ryXiXrc
Jeff Quiggle
17 Apr 14 14:09:11
$MACRO > $EEM $USO $FXI $TLT $FEZ $JNK $SPY $GLD $QQQ $IWM Yesterday > $EEM $USO $FXI $FEZ $TLT $JNK $SPY $QQQ $IWM $GLD
JG⚡️
17 Apr 14 14:03:13
RT @5100Dell: #NEW #SONG #GOLISTEN ‘Hammer Bang Ft $eem’ https://t.co/LH5ryXiXrc
InTheMoneyStocks.com
17 Apr 14 13:28:51
Nick Talks Stocks: $EEM, $KO, $GOOG & More... http://t.co/SJ1rnPARes
TalkMarkets
17 Apr 14 13:00:01
The Return Of Energy ETF Dominance? $XLE $XLY $XLV $EEM $VTI $QQQ $FCG $XOP $IEZ $VDE http://t.co/KYPlEDaUSu
Gary Gordon
17 Apr 14 13:00:00
The Return Of Energy ETF Dominance? $XLE $XLY $XLV $EEM $VTI $QQQ $FCG $XOP $IEZ $VDE http://t.co/FIgP5cA6VO
teevee
17 Apr 14 12:54:57
"@allstarcharts: Here's what I see in Emerging Markets $EEM prices attempting to break out of ginormous sym triangle http://t.co/xiJcng5B6D"
Zheng Ren
17 Apr 14 12:17:12
What a come back for emerging market $EEM big V!
Michael Samhan
17 Apr 14 12:14:33
great week of trading.. energy did well and now to finish emerging markets are perking up, next week should be a good one $EEM $XLE $EWZ
Seeking Alpha
17 Apr 14 12:00:30
The Importance Of Non-Correlated Assets http://t.co/feUpvDaTrx $VTI $SCHB $EEM $AGG $VWO $BND
J.C. Parets
17 Apr 14 11:24:25
Here's what I see in Emerging Markets $EEM prices attempting to break out of ginormous sym triangle http://t.co/y0G3gCWZSp
Lutz Braune
17 Apr 14 11:15:16
$EEM Midday index, ETF option volumes http://t.co/GRQbGfNu6z
Family Investor
17 Apr 14 11:03:59
Economic Outlook For The Rest Of 2014: Stuck In Neutral http://t.co/a9Rv8WaAk3 $EEM $FXE $GLD $HYG $JNK $SPY $TLT $USO $UUP
BlockTradeAlert
17 Apr 14 11:03:00
BLOCK TRADE: $EEM 500,000 shares @ $41.98 [14:02:59]
Mind Stalking
17 Apr 14 10:47:50
RT @ETFdb: Forget about $SPY $EEM $TLT $GLD --> bundle all your #Assets into a Multi-Asset #ETF --> See ALL here: http://t.co/gwdxzHlK11
ETF Database
17 Apr 14 10:45:39
Forget about $SPY $EEM $TLT $GLD --> bundle all your #Assets into a Multi-Asset #ETF --> See ALL here: http://t.co/gwdxzHlK11
BlockTradeAlert
17 Apr 14 10:44:19
BLOCK TRADE: $EEM 2,000,000 shares @ $41.88 [13:44:19]
BlockTradeAlert
17 Apr 14 10:33:33
BLOCK TRADE: $EEM 2,000,000 shares @ $41.85 [13:33:32]
ETF.com
17 Apr 14 09:46:53
4 ETF Views For Worried Russia Investors http://t.co/NAiono431c #ETFs $RSX $EEM @MurphyCinthia
SobePrimal
17 Apr 14 09:45:41
Right shoulder forming in $EEM?
Dennis Hudachek
17 Apr 14 09:36:52
Why iShares' FM Is About To Get Better http://t.co/AWH9q871Ls $FM $EEM $GULF $MES #FrontierMarkets
lookn4wins
17 Apr 14 09:35:01
$FCEL Stock Chart $FCEL Most recent stock chart and technical analysis. $EEM $KO $XLE $UVXY $SHLD $TTDZ http:/ http://t.co/4jLZr8HW5j
Mike Lansing
17 Apr 14 09:23:06
$EEM 101 #ETFFunFacts http://t.co/M2ir2tAqwn
chartguy89
17 Apr 14 09:19:56
BIDU Stock Chart $BIDU $CTIC $EEM $TBT http://t.co/SpkiXBB8uJ http://t.co/RgVSW5zXPm
OTPicks.com
17 Apr 14 09:00:55
http://t.co/QzFp1WC0ss DennyT: SUNE Insider Disclosure $SUNE $STBV $HPJ $EEM $GTA: DennyT http://t.co/XKXPsQ3Swd http://t.co/QzFp1WC0ss
OTPicks.com
17 Apr 14 09:00:52
http://t.co/QkCFZ8q0T8 DennyT: SUNE Insider Disclosure $SUNE $STBV $HPJ $EEM $GTA: DennyT http://t.co/2v8IjZRa2h http://t.co/QkCFZ8q0T8
O T P i c k s . com
17 Apr 14 09:00:46
http://t.co/awZxDQ0zpX DennyT: SUNE Insider Disclosure $SUNE $STBV $HPJ $EEM $GTA: DennyT http://t.co/eCCahhtkPZ http://t.co/awZxDQ0zpX
Extreme Stocks
17 Apr 14 08:55:47
DennyT: SUNE Insider Disclosure $SUNE $STBV $HPJ $EEM $GTA http://t.co/PRcmlXdLz7
DennyT
17 Apr 14 08:54:40
SUNE Insider Disclosure $SUNE $STBV $HPJ $EEM $GTAT Buy?,Daily Chart,Open,Recent Headlines,Making Some Noise S http://t.co/QFRY3AdUvg
clayton
17 Apr 14 08:39:13
$EEM 41.63 http://t.co/jKZJmN6f8I
Jake13
17 Apr 14 08:25:29
$SMN Sell? Click here to find out if $SMN is a buy hold or sell. Watching these stocks. $EEM $GNCP $F $MDY htt http://t.co/jbmQa1Ofut
BlockTradeAlert
17 Apr 14 08:21:21
BLOCK TRADE: $EEM 540,000 shares @ $41.72 [11:21:20]
TK
17 Apr 14 08:16:07
The future of the global economy $EEM http://t.co/FYcmq4sTZJ
DennyT
17 Apr 14 08:00:29
UVXY Insider Disclosure $UVXY $NUGT $EEM $KNSC $DATA Sell?,Candlesticks,Current Price,Recent News,On Watch Sto http://t.co/V2ayXHMiJ3
Jared Cummans
17 Apr 14 07:56:47
@etfdb South Korea represents 15% of $EEM and 0% of $VWO http://t.co/cITjGDLGnF
iHangout
17 Apr 14 07:37:54
lookn4wins: The Launch Pad: $EEM 50 Simple Moving Average $EEM Most recent http://t.co/6y4aDgztBX
lookn4wins
17 Apr 14 07:34:22
$EEM 50 Simple Moving Average $EEM Most recent stock chart and technical analysis. $PHOT $IPCI $FROZ $PHOT $C http://t.co/0uicIIRBgr
Seeking Alpha
17 Apr 14 07:30:02
Economic Outlook For The Rest Of 2014: Stuck In Neutral http://t.co/g5wmM7AElw $EEM $FXE $GLD $HYG $JNK $SPY $TLT $USO $UUP
Shan Shan Xie
17 Apr 14 07:23:03
Now.. $IBB outperforms $SPY $EEM $XLU
iHangout
17 Apr 14 07:07:46
chartguy89: Stock Charts: EFA Stock Chart $EFA $PG $EEM $HZNP http://bi http://t.co/4ww1zjQ5it
chartguy89
17 Apr 14 07:06:00
EFA Stock Chart $EFA $PG $EEM $HZNP http://t.co/0OaLVPfUnE http://t.co/4pf4lydcFV
Chris Ciovacco
17 Apr 14 07:03:24
$TLT still beating $EEM this week by 0.99% this week.
DennyT
17 Apr 14 06:52:41
X Interactive Chart $X $LVGI $VZ $CDE $EEM Buy?,Daily Chart,Volume,News,On Radar Stock Quote http://www.otcmar http://t.co/TdeqOKkRwY
Jake Catskill
17 Apr 14 06:51:45
Putin says he hopes not to send Russian troops into Ukraine but doesn't rule it out http://t.co/T2MyFgZdtR [ $RSX $EEM $VXX ]
chartguy89
17 Apr 14 06:25:26
EWZ Stock Chart $EWZ $SCTY $EEM $FITX http://t.co/6n9HyY6zJd http://t.co/89eQXObyST
Gil Cantu
17 Apr 14 05:06:04
RT @valuewalk: GMO On China: epic credit bubble is in the early stages of unwinding http://t.co/JjIr5LKzlv $EEM $FXI $MACRO http://t.co/9FD…
Rareview Macro
17 Apr 14 04:52:02
Sight Beyond Sight: There is No Edge Today…Risk Takers Leaving Early http://t.co/URQYeJSkbo $SPY $QQQ $GLD #FX $EEM $EUR $TBT $CNY #Yuan
Lutz Braune
17 Apr 14 04:18:16
$EEM 101 #ETFFunFacts http://t.co/ksr6ZJxigI
Lutz Braune
17 Apr 14 04:01:06
$EEM China Beats Consensus, But Market Wants Stimulus http://t.co/zAg3pAZ8hr
				
				
By  +Follow January 9, 2014 11:35AM
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