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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
Miningfinance
6 May 15 11:25:04
RT @laurenholmesNYC: Today > $UUP $IWM $FEZ $TLT $FXI $QQQ $JNK $SPY $GLD $EEM $USO $IYT Read our ideas here http://t.co/huaLsH8iDZ
Rosner Stocks
6 May 15 11:07:39
$EEM Financials Updated Wednesday, May 6, 2015 1:59:22 PM $CYTX $GDX $BBH $EUO http://t.co/m8V9NioGeU
PolgarStocks
6 May 15 11:07:11
$JNJ Stock Price Updated Wednesday, May 6, 2015 1:07:14 PM $NTEK $DEPO $RSP $EEM http://t.co/iKHkJ9TmFJ
Market Realist
6 May 15 11:06:07
After the Market Crisis, Does Diversification Still Work? $EEM $TLT $GLD $EFA http://t.co/MYjOR5q8Jx
Stock_Tracker
6 May 15 10:55:34
NFLX Netflix, Inc. Shares Click Here -> http://t.co/ohlALyG0j2 Trending $NFLX $HAL $F $EEM #NFLX #stock #share
Lauren Holmes
6 May 15 10:54:18
Today > $UUP $IWM $FEZ $TLT $FXI $QQQ $JNK $SPY $GLD $EEM $USO $IYT Read our ideas here http://t.co/huaLsH8iDZ
IH NASDAQ OMX
6 May 15 10:49:41
EEM iShares MSCI Emerging Markets EOD Data Click Here -> http://t.co/sOZxygVROj Trending $EEM $ALGN $QLYS $CELH #EEM #finance…
Lucky Jimmy
6 May 15 10:47:35
CLF Cliffs Natural Resources Inc. Exchange Click Here -> http://t.co/GqDzC8t8NP Trending $CLF $SCTY $EEM $SWKS #CLF #nasdaq…
Cutlass
6 May 15 10:36:03
RT @WallStJesus: $EEM NOW SOME AUG PUT SWEEPAROOS
Richard
6 May 15 10:32:54
$EEM chart https://t.co/mNdjc6BPbK via http://t.co/FMlommKy9F
JE$US
6 May 15 10:32:18
$EEM NOW SOME AUG PUT SWEEPAROOS
PolgarStocks
6 May 15 10:05:39
$EEM Last Price Updated Wednesday, May 6, 2015 12:07:13 PM $EWZ $CURE $BIDU $SLW http://t.co/R6BoNSDvRR
OptionsDNA
6 May 15 09:55:48
$EEM puts slowly working off of today's huge UOA
Lucky Jimmy
6 May 15 09:55:04
NHC.TO Northrop Grumman Corp. Yield Click Here -> http://t.co/exuYLgSZGv Trending $NHC.TO $SMH $EEM $BLTA #NHC.TO #tradeideas #finance
lookn4wins
6 May 15 09:51:05
GLNG Keurig Green Mountain, Inc. Investor Opinions Click Here -> http://t.co/mUXm0U9Jp4 Trending $GLNG $JDST $QLD $EEM #GLNG #nasdaq…
IH News Desk
6 May 15 09:49:15
EEM iShares MSCI EAFE Index Fund Bid Click Here -> http://t.co/Q9iMnKBhqh Trending $EEM $TA.TO $CORN $CORN #EEM #stocks #investing
Anthony
6 May 15 09:46:38
RT @WallStJesus: $EEM SOME WKLY PUT ACTION
Anthony
6 May 15 09:46:32
RT @WallStJesus: $EEM 50,000+ OF THOSE WKLY $42 PUTS TRADE
Stock Trade Alerts
6 May 15 09:34:25
SHORT Seller Alert $EEM - iShares MSCI EMERGING MARKET #ShortSeller #Stocks ~ via #AlertTrade
Cutlass
6 May 15 09:31:12
RT @WallStJesus: $EEM 50,000+ OF THOSE WKLY $42 PUTS TRADE
Cutlass
6 May 15 09:30:01
RT @WallStJesus: $EEM SOME WKLY PUT ACTION
Bradley
6 May 15 09:14:11
I love this trading girl! $XLF $FXI $BAC $KO $EEM $TLT $EWT $COP $QQQ $VXX $XOP http://t.co/l9JkTCtpHR http://t.co/ljaQwUZYh3
Edward Quince
6 May 15 09:10:13
$UUP strong and $EEM weak nice combination
BlockTradeAlert
6 May 15 09:07:18
BLOCK TRADE: $EEM 817,000 shares @ $42.60 [12:07:17]
nasdaqfan
6 May 15 09:02:36
WFC Wells Fargo & Co. Company Info Click Here -> http://t.co/5o8pXfEA8W Trending $WFC $EEM $PHM.V $YANG #WFC #stock #tradeideas
JE$US
6 May 15 09:01:19
$EEM 50,000+ OF THOSE WKLY $42 PUTS TRADE
Becky Hiu
6 May 15 09:00:01
$EEM puts, $FXI rounded top, $FXP rounded bottom...¯\_(ツ)_/¯
Becky Hiu
6 May 15 08:58:29
"@WallStJesus: $EEM SOME WKLY PUT ACTION"
JE$US
6 May 15 08:58:19
$EEM SOME WKLY PUT ACTION
Stock Forums
6 May 15 08:53:09
HGU.TO Horizons BetaPro S&P/TSX Global Gold Bull Plus ETF Ideas Click Here -> http://t.co/yvUXVOiIFC Trending $HGU.TO $HYG $GOOGL $EEM…
lookn4wins
6 May 15 08:49:35
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Stock Forums
6 May 15 08:49:23
DWTI VelocityShares 3x Inverse Crude ETN E.P.S. Click Here -> http://t.co/C1sorap2Lw Trending $DWTI $ECA.TO $EEM $NTLK #DWTI…
leahanne
6 May 15 08:44:35
AAPL Apple, Inc. Stock Message Board Click Here -> http://t.co/ksmFLArJ4q Trending $AAPL $DYAX $IWM $EEM #AAPL #share #stockmarket
Edward Quince
6 May 15 08:40:26
$EEM level to watch 42.29 watch out bulls
Edward Quince
6 May 15 08:38:43
$EPI at key level $EEM if breaks down?
TV_Trading Ideas
6 May 15 08:14:46
Short term follow up on EEM: May\u2026 $EEM http://t.co/NF3wI3jig7
Kenneth Rapoza
6 May 15 08:13:36
http://t.co/jVFtTo5FO3 a 5% drop in #China equities no reason to panic. But if the central bank doesnt stay active.... $FXI $ASHR $EEM $VWO
leahanne
6 May 15 07:52:34
HLF Herbalife Ltd. Open Click Here -> http://t.co/FeZ6Gpuy2e Trending $HLF $EEM $SCO $GDXJ #HLF #share #pennystocks
Lucky Jimmy
6 May 15 07:49:21
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DennyT
6 May 15 07:03:05
XLK Consumer Staples Select Sector SPDR Investor Opinions Click Here -> http://t.co/v4sjkFKbwL Trending $XLK $BBRY $EEM $KMX #XLK…
Best place to Invest
6 May 15 07:02:39
RT @Jim5011: EEM iShares MSCI Emerging Markets Current Price Click Here -> http://t.co/tZNI9vjJ6P Trending $EEM $AXU $XLF $ASHR #EEM #inve…
IH News Desk
6 May 15 06:51:24
GDX Market Vectors Junior Gold Miners Quotes Click Here -> http://t.co/9e4UHfrCW5 Trending $GDX $ECIG $JNUG $EEM #GDX #finance #nasdaq
nasdaqfan
6 May 15 06:50:34
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Jake13
6 May 15 06:49:33
EEM iShares MSCI EAFE Index Fund Market Cap Click Here -> http://t.co/IkYBRSmeqS Trending $EEM $SSO $EWZ $UCO #EEM #stockmarket #nasdaq
Glen Stally
6 May 15 06:41:13
RT @nasdaqfan: EEM iShares MSCI Emerging Markets Ask Click Here -> http://t.co/qKruOAMhes Trending $EEM $CBIS $IVV $CLDX #EEM #stocks #inv…
Finance Weekly
6 May 15 06:41:03
RT @stock_forums: EEM iShares MSCI Emerging Markets Bid Click Here -> http://t.co/aZquFeUgRv Trending $EEM $EGO $F $XOM #EEM #share #finan…
Oil Gas
6 May 15 06:40:11
RT @stock_forums: EEM iShares MSCI Emerging Markets Bid Click Here -> http://t.co/aZquFeUgRv Trending $EEM $EGO $F $XOM #EEM #share #finan…
Best place to Invest
6 May 15 06:17:39
RT @stock_forums: EEM iShares MSCI Emerging Markets Bid Click Here -> http://t.co/aZquFeUgRv Trending $EEM $EGO $F $XOM #EEM #share #finan…
Investors Hangout
6 May 15 06:04:09
XLI Industrials Select Sector SPDR Stock Forum Click Here -> http://t.co/0FhmXWvKTR Trending $XLI $FWDG $EEM $WEN #XLI #stock…
jim50
6 May 15 05:58:34
SCO ProShares UltraShort DJ-UBS Crude Oil 52Wk High Click Here -> http://t.co/miGAFoo6Pf Trending $SCO $EEM $INFN $CVX #SCO…
				
				
By  +Follow January 9, 2014 11:35AM
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