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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.

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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for EEM
PolgarStocks
5 Jul 15 09:30:09
$CL Reviews Updated Sunday, July 5, 2015 12:07:15 PM $ORIG $KMX $AAPL $EEM http://t.co/ZZlNTp60nA
IH News Desk
5 Jul 15 09:12:35
$EEM News Updated Sunday, July 5, 2015 11:11:10 AM $XLI $WMIH $DIS $JAZZ http://t.co/uVtXNXHSxy
Rosner Stocks
5 Jul 15 08:50:08
$GPRO Stock Price Updated Sunday, July 5, 2015 10:59:23 AM $EEM $VGTL $EWP $ALTR http://t.co/XNKFr4bfwO
C.T
5 Jul 15 08:49:40
Wørld bkent 💯 how are people $uppose to knø the real word of God if every time peøple $in ChurCh make it $eem like it$ nø bkig deal
Rosner Stocks
5 Jul 15 07:48:39
$ALTR Stock Message Board Updated Sunday, July 5, 2015 09:59:26 AM $EEM $SGLB $KO $EWJ http://t.co/ua4ivVTTGe
PolgarStocks
5 Jul 15 07:27:38
$KO Financials Updated Sunday, July 5, 2015 10:07:14 AM $ADBE $IPG $UN $EEM http://t.co/tCA9OaZszx
PolgarStocks
5 Jul 15 06:26:06
$EEM Stock Forum Updated Sunday, July 5, 2015 09:07:16 AM $MNKD $AXP $LQD $CSCO http://t.co/Ha8t9U59lK
TalkMarkets
5 Jul 15 05:39:01
ETF Asset Report Of 1H: Currency Hedging Tops; US Flops $DBEF $DXJ $EEM $EFA $EWG $HEDJ $IYR $SPY $VGK $VOO $VTI $XLP http://t.co/hfG12SPmwQ
binaryoptionsocial
5 Jul 15 05:22:38
RT IHPosts2: UNG United States Natural Gas Fund 52Wk Low http://t.co/iaeVFh3jap $UNG $GOOGL $KO $EEM #UNG #stoc… http://t.co/IFXe4VLiF2
IH News Desk
5 Jul 15 05:09:37
$XLY Company Info Updated Sunday, July 5, 2015 07:11:14 AM $BOIVF $HSY $EEM $SWKS http://t.co/XxEtqlIUCL
binaryoptionsocial
5 Jul 15 05:06:43
RT IHPosts2: UNG United States Natural Gas Fund 52Wk Low http://t.co/iaeVFh3jap $UNG $GOOGL $KO $EEM #UNG #stoc… http://t.co/IFXe4VLiF2
Beverage Consulting
5 Jul 15 04:51:50
RT @IHPosts2: UNG United States Natural Gas Fund 52Wk Low http://t.co/pCwKEAsiOr $UNG $GOOGL $KO $EEM #UNG #stock #tradeideas
IH News Desk
5 Jul 15 03:07:43
$CLDX Filings Updated Sunday, July 5, 2015 05:11:08 AM $OIH $EEM $IPG $GLW http://t.co/93UzaegS4t
Rosner Stocks
5 Jul 15 02:45:19
$FCX Stock Message Board Updated Sunday, July 5, 2015 04:59:30 AM $ADP $NAT $XLF $EEM http://t.co/qr5j4mkvHj
PolgarStocks
5 Jul 15 02:22:35
$EEM Opinions Updated Sunday, July 5, 2015 05:07:18 AM $ADBE $OPK $AMD $WCG http://t.co/YSqpHMdZ0L
Pepe Plata
5 Jul 15 02:05:37
$BTU Peabody Energy Corp http://t.co/xynX7aQiCX $SHAK $HZNP $TZOO $DIA #SHAK #stocks $PVA $UA $FEYE $XOP #PVA $OIH $GWO.TO $EEM $DIA #OIH
BHIVE Social Bee
5 Jul 15 01:53:49
RT @Stock_Tracker1: XOM YRC Worldwide Inc. Day High http://t.co/rEPzkhnKiU $XOM $GE $EEM $ATSG #XOM #stock #investing
Elaine Ossipov
5 Jul 15 01:35:24
RT @stock_forums: LNR.TO Linamar Corp. Ask http://t.co/2vvkQIDgEH $LNR.TO $RDSH $EEM $GTN #LNR.TO #pennystocks #tradeideas
TalkMarkets Recap
4 Jul 15 23:39:01
ETF Asset Report Of 1H: Currency Hedging Tops; US Flops $DBEF $DXJ $EEM $EFA $EWG $HEDJ $IYR $SPY $VGK $VOO $VTI $XLP http://t.co/tUgUnGKHx9
Maria N. Angelova
4 Jul 15 23:23:43
RT @PolgarStocks: $EEM Investor Opinions Updated Sunday, July 5, 2015 02:07:12 AM $MNKD $ALK $MU $UTX http://t.co/KVqjAjkxpl
PolgarStocks
4 Jul 15 23:19:09
$EEM Investor Opinions Updated Sunday, July 5, 2015 02:07:12 AM $MNKD $ALK $MU $UTX http://t.co/KVqjAjkxpl
IH News Desk
4 Jul 15 23:03:34
$EEM Filings Updated Sunday, July 5, 2015 01:11:24 AM $FXI $TASR $EWP $XLK http://t.co/vZ5LpUH1Zs
PolgarStocks
4 Jul 15 22:18:34
$SH Filings Updated Sunday, July 5, 2015 01:07:30 AM $EEM $XLU $XLK $ADBE http://t.co/UUsc5VfTrg
PolgarStocks
4 Jul 15 22:18:34
$MDC Investor Opinions Updated Sunday, July 5, 2015 01:07:30 AM $EEM $VGTL $PVSP $IWM http://t.co/rZoZxlaE0s
Skulltripper
4 Jul 15 22:00:41
@ValLisitsa it doe$ $eem that financial intere$t$ are predominant in dictating western foreign policy. Al$o it doe$ not aPpear to be faked.
PolgarStocks
4 Jul 15 20:16:40
$PXD Stock Price Updated Saturday, July 4, 2015 11:07:14 PM $AVGO $EEM $ALTR $ALU http://t.co/Ta2YHXsexY
IH News Desk
4 Jul 15 20:01:36
$ALK Stock Price Updated Saturday, July 4, 2015 10:11:05 PM $ACHC $UTX $ALTR $EEM http://t.co/ZKM2zDNXly
binaryoptionsocial
4 Jul 15 19:50:15
FV First Trust Dorsey Wright Focus 5 ETF % Change http://t.co/z2fVhWAECP $FV $ADMD $MTB $EEM #FV #nasdaq #penny… …
binaryoptionsocial
4 Jul 15 19:50:14
FV First Trust Dorsey Wright Focus 5 ETF % Change http://t.co/z2fVhWAECP $FV $ADMD $MTB $EEM #FV #nasdaq #penny… http://t.co/Csk7miIhta
binaryoptionsocial
4 Jul 15 19:47:54
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binaryoptionsocial
4 Jul 15 19:46:44
FV First Trust Dorsey Wright Focus 5 ETF % Change http://t.co/z2fVhWAECP $FV $ADMD $MTB $EEM #FV #nasdaq #penny… …
binaryoptionsocial
4 Jul 15 19:44:36
FV First Trust Dorsey Wright Focus 5 ETF % Change http://t.co/z2fVhWAECP $FV $ADMD $MTB $EEM #FV #nasdaq #penny… http://t.co/Csk7miIhta
binaryoptionsocial
4 Jul 15 19:43:35
FV First Trust Dorsey Wright Focus 5 ETF % Change http://t.co/z2fVhWAECP $FV $ADMD $MTB $EEM #FV #nasdaq #penny… …
SMPH #Sanders2016
4 Jul 15 19:42:11
FV First Trust Dorsey Wright Focus 5 ETF % Change http://t.co/cyIqSlawaz $FV $ADMD $MTB $EEM #FV #nasdaq #penny… http://t.co/mWqUw11a7O
binaryoptionsocial
4 Jul 15 19:42:06
FV First Trust Dorsey Wright Focus 5 ETF % Change http://t.co/z2fVhWAECP $FV $ADMD $MTB $EEM #FV #nasdaq #penny… http://t.co/Csk7miIhta
SMPH #Sanders2016
4 Jul 15 19:42:05
FV First Trust Dorsey Wright Focus 5 ETF % Change http://t.co/cyIqSlawaz $FV $ADMD $MTB $EEM #FV #nasdaq #penny… http://t.co/mWqUw11a7O
binaryoptionsocial
4 Jul 15 19:42:02
FV First Trust Dorsey Wright Focus 5 ETF % Change http://t.co/z2fVhWAECP $FV $ADMD $MTB $EEM #FV #nasdaq #penny… http://t.co/Csk7miIhta
binaryoptionsocial
4 Jul 15 19:40:51
FV First Trust Dorsey Wright Focus 5 ETF % Change http://t.co/z2fVhWAECP $FV $ADMD $MTB $EEM #FV #nasdaq #pennystocks bosocial
Rosner Stocks
4 Jul 15 19:40:03
FV First Trust Dorsey Wright Focus 5 ETF % Change http://t.co/Sa5UGYHDHy $FV $ADMD $MTB $EEM #FV #nasdaq #pennystocks
IH NASDAQ OMX
4 Jul 15 19:38:04
EEM iShares MSCI Emerging Markets Last Trade http://t.co/2NC9fCexpu $EEM $EGRX $INCC $HTZ #EEM #finance #stock
Lucky Jimmy
4 Jul 15 19:38:04
EEM iShares MSCI Emerging Markets Last Trade http://t.co/j9eBDBg5Ho $EEM $EGRX $INCC $HTZ #EEM #finance #stock
Rosner Stocks
4 Jul 15 19:37:37
$EEM Stock Forum Updated Saturday, July 4, 2015 9:59:27 PM $CTSH $HCP $HSY $WWW http://t.co/312atDvDrR
Jake13
4 Jul 15 19:33:05
AGU.TO Agrium, Inc. Short Sales http://t.co/PqpprRuNX0 $AGU.TO $EEM $CELG $ALRM #AGU.TO #share #stockmarket
nasdaqfan
4 Jul 15 18:51:10
XLE Energy Select Sector SPDR Ask http://t.co/58On3LMut3 $XLE $RY.TO $FEYE $EEM #XLE #nasdaq #pennystocks
danrocks
4 Jul 15 18:50:02
XIV VelocityShares Daily Inverse VIX Short Term ETN Investor Opinions http://t.co/qH069nnP7D $XIV $ASPS $EEM $FV #XIV #stock #stocks
Investors Hangout
4 Jul 15 18:49:03
XEG.TO iShares CDN S&P/TSX Capped Energy Index Fund News http://t.co/bzPYy82sz6 $XEG.TO $EEM $OZRK $CYB #XEG.TO #investing #invest
IH NASDAQ OMX
4 Jul 15 18:49:02
XIV VelocityShares Daily Inverse VIX Short Term ETN Exchange http://t.co/K3yjyuvOtn $XIV $EEM $FEYE $XLY #XIV #invest #finance
jim50
4 Jul 15 18:47:04
USO United States Oil Fund, LP Summary http://t.co/PJHdrbZ39Z $USO $XLE $EEM $VNET #USO #invest #finance
Investors Hangout
4 Jul 15 18:47:03
UA Under Armour, Inc. Exchange http://t.co/gh1P2WwYXN $UA $PANW $EEM $MHYS #UA #stocks #stocks
danrocks
4 Jul 15 18:46:03
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By  +Follow January 9, 2014 11:35AM
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