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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
Denny
2 Sep 15 21:37:36
RT @etfguide: To get your 4-STEP BEAR MARKET PLAN (Free Report) do this: Type 33444 and Text "CRASHPLAN" $DIA $QQQ $SPY $SCHB $VTI $EEM
Jamie
2 Sep 15 20:10:42
RT @etfguide: To get your 4-STEP BEAR MARKET PLAN (Free Report) do this: Type 33444 and Text "CRASHPLAN" $DIA $QQQ $SPY $SCHB $VTI $EEM
Stock Market Picks
2 Sep 15 19:35:17
$AGG $AMLP $DBC $UGAZ $DGAZ $DUST $EDZ $EEM up to 1300% since 2010, easy to follow, only 6 open positions at a time. http://t.co/Vjj8yzTD9F
David Settle
2 Sep 15 18:45:04
09/02/15 - Today's Market Forecast™ video can be viewed here: http://t.co/0IZyuSQOIH Discussed: $SPY $IWM $EEM $CL_F $TLT $GLD $XLE $XLF $C
Lan Hoang
2 Sep 15 18:19:46
Watching to buy #China #ETFS $YIN $EEM $VIPS $BIDU $BABA $DANG
David Settle
2 Sep 15 17:45:04
09/02/15 - Today's Market Forecast™ video can be viewed here: http://t.co/0IZyuSQOIH Discussed: $SPX $RUT $EEM $USO $TLT $GLD $XLE $XLF $C
Investools
2 Sep 15 16:33:34
09/02/15 - Today's Market Forecast™ video can be viewed here: http://t.co/hZFJJ1enOs Discussed: $SPY $IWM $EEM $USO $TLT $GLD $XLE $XLF $C
David Settle
2 Sep 15 16:33:34
09/02/15 - Today's Market Forecast™ video can be viewed here: http://t.co/0IZyuSzdR9 Discussed: $SPY $IWM $EEM $USO $TLT $GLD $XLE $XLF $C
ETFguide.com
2 Sep 15 16:04:22
To get your 4-STEP BEAR MARKET PLAN (Free Report) do this: Type 33444 and Text "CRASHPLAN" $DIA $QQQ $SPY $SCHB $VTI $EEM
ETF Trends
2 Sep 15 15:30:24
A New Emerging Market ETF for Those Wary of Volatile China http://t.co/YTJQAZsICN #ETFs #emergingmarkets $XCEM $EEM
Tom Lydon
2 Sep 15 15:25:11
A New Emerging Market ETF for Those Wary of Volatile China http://t.co/3hDZO1m6G3 #ETFs #emergingmarkets $XCEM $EEM
dailystockplays.com
2 Sep 15 15:19:46
Elder Blue http://t.co/Kve0pGPzVN $SPY $VXX $EWJ $EEM $XLF $MSFT $VWO $CSCO $IWM $FXI $EFA $WFC $TVIX $XLI $EMC $JPM $UVXY $VZ
TrendLizard
2 Sep 15 14:51:30
Todays ETF news and charts http://t.co/QbWWqXzaw4 $USO $EEM $XLE #ETF http://t.co/1pFZrYb9af
Eugenio
2 Sep 15 14:28:10
$EEM NY se mantiene en su canal de trading entre $32 y $34 hoy quedó $32.96 interesante ver que hará sin la bolsa #china jueves y viernes
361 Capital
2 Sep 15 13:59:50
$QQQ +3% > $SPY +1.9% > $IWM +1.8% > $EFA +1.5% > $EEM +1.3%. XL sectors all higher w/best: $XLK +2.6%, $XLI +2.3%, $XLY $XLV +2.1%
Terry
2 Sep 15 13:56:29
RT @WallStJesus: How bout those $EEM put buyers the other day, 110k+ of em btw. They nailed that sucker huh
Callum Thomas
2 Sep 15 13:45:38
Emerging Markets ETFs $EEM and $VWO have seen over $8B net outflows YTD http://t.co/y3vRWrrxQR http://t.co/OIUqAVvXya
Rosner Stocks
2 Sep 15 13:28:05
$OIL Last Price Updated Wednesday, September 2, 2015 3:59:36 PM $ABBV $EEM $DXJ $VXX http://t.co/2svP8hQxbi
Top ETF Funds
2 Sep 15 13:17:18
Venezuela Picks On Colombia As Inflation Mounts.. http://t.co/sxdmC82fVn $EEM #ETF #ETFs #Stocks
Top ETF Funds
2 Sep 15 13:17:01
4 Emerging Markets & 5 ETFs To Watch As Fed Hikes Rates.. http://t.co/DwUYQQd0EQ $EEM #ETF #ETFs #Stocks
IB Traders' Insight
2 Sep 15 12:43:47
Hard-to-Borrow Action: EMB http://t.co/wLdecz099r #InteractiveBrokersGroup #SecuritiesLending $EMB $EEM
PolgarStocks
2 Sep 15 12:28:38
$ABBV Financials Updated Wednesday, September 2, 2015 3:07:43 PM $EEM $XLY $POT $TSLA http://t.co/g9oiYRUIIK
Rosner Stocks
2 Sep 15 12:27:16
$EEM Stock Message Board Updated Wednesday, September 2, 2015 2:59:31 PM $IYT $EUM $EWJ $FFIV http://t.co/XYfhWWBfmo
XATS-UK
2 Sep 15 12:08:46
Sharp bounce in the #EmergingMarkets #ETF $EEM, but no change in background studies. http://t.co/KCZ1AWXgeJ
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…
DailyStockPicks
2 Sep 15 11:38:31
$ANFI spiking hard just like $ACI. 100%+ upside potential P/E of 3 $EEM $VWO $UGAZ $TZA $SDS $HYG investors read http://t.co/L1jwUV6Bag
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
Emerging Markets
2 Sep 15 11:22:34
RT @DeFotis: 4 Emerging Markets & 5 #ETFs on #Fed Watch http://t.co/7ujZmIOJ6p @barronsonline $EEM #Asia #UAE vs #India #SouthAfrica #Russi…
Market Int Center
2 Sep 15 11:22:03
iShares MSCI Emerging Markets Index $EEM Showing Bearish Technicals With Support At $31.98 ( http://t.co/clPcrdVYvt )
BlockTradeAlert
2 Sep 15 11:18:16
BLOCK TRADE: $EEM 600,000 shares @ $32.99 [14:18:16]
UPTOWN nigga ⚡
2 Sep 15 11:17:53
Free $eem 🔓 @notalkingseem
Dimitra DeFotis
2 Sep 15 11:15:08
4 Emerging Markets & 5 #ETFs on #Fed Watch http://t.co/7ujZmIOJ6p @barronsonline $EEM #Asia #UAE vs #India #SouthAfrica #Russia #Brazil
Eugenio
2 Sep 15 10:36:50
"@ElFinanciero_Mx: @FT platica cómo #China sufriría una discontinuidad económica http://t.co/OFcLQc9vDx http://t.co/pOc81MiW3z" $EEM $EDZ
PolgarStocks
2 Sep 15 10:27:18
$TZA Stock Message Board Updated Wednesday, September 2, 2015 1:07:46 PM $EEM $AMZN $MO $USO http://t.co/7qXpKKMnDO
PolgarStocks
2 Sep 15 10:27:17
$DOG Last Price Updated Wednesday, September 2, 2015 1:07:46 PM $EEM $DD $BLTA $PEP http://t.co/bbJbCIcisY
BlockTradeAlert
2 Sep 15 10:10:19
BLOCK TRADE: $EEM 500,000 shares @ $32.89 [13:10:18]
BlockTradeAlert
2 Sep 15 09:24:45
BLOCK TRADE: $EEM 700,000 shares @ $32.75 [12:24:45]
BlockTradeAlert
2 Sep 15 09:24:21
BLOCK TRADE: $EEM 600,000 shares @ $32.77 [12:24:21]
BlockTradeAlert
2 Sep 15 09:10:29
BLOCK TRADE: $EEM 600,000 shares @ $32.75 [12:10:29]
Portfolio Talk
2 Sep 15 09:04:15
To get your 4-STEP BEAR MARKET PLAN (Free Report) do this: Type 33444 and Text "CRASHPLAN" $DIA $QQQ $SPY $SCHB $VTI $EEM
Ron DeLegge
2 Sep 15 09:04:07
To get your 4-STEP BEAR MARKET PLAN (Free Report) do this: Type 33444 and Text "CRASHPLAN" $DIA $QQQ $SPY $SCHB $VTI $EEM
Jim Lincoln
2 Sep 15 09:04:02
RT @Jim5011: ED Consolidated Edison, Inc. Tick http://t.co/MxpA56AfRA $ED $EEM $TBEV $JCP #ED #tradeideas #stocks
Dimitra DeFotis
2 Sep 15 08:54:25
As #Inflation Mounts, #Venezuela Picks On #Colombia http://t.co/mai88rHGwL @barronsonline #Chavismo #Maduro #China $HYEM $PCY $EC $ILF $EEM
BlockTradeAlert
2 Sep 15 08:43:51
BLOCK TRADE: $EEM 600,000 shares @ $32.76 [11:43:50]
ronfeir
2 Sep 15 07:16:50
RT @shuli_ren: Asia Stocks In Deep Dive: What’s Priced In? A recession but not a crisis. http://t.co/QtZPNtri7A via @barronsonline $HSCEI $…
Issaquah Capital
2 Sep 15 07:14:48
$EEM Continues to provide a good hedge against global equity unwinds/vol
Jan Leroy
2 Sep 15 07:13:11
@awealthofcs so another -25% to go for $EEM...
Dimitra DeFotis
2 Sep 15 07:11:35
Venezuela Taps China For Dollar Oil Loan http://t.co/wgeJmo3zLh @barronsonline $USO $OIL $ILF $EEM $FM #energy #commodities #LatinAmerica
Emerging Markets
2 Sep 15 06:50:44
RT @DeFotis: How much money has flowed out of #emergingmarkets? $940 billion or much lower? http://t.co/6l9rm1csNI @barronsonline @FT $EEM …
DailyStockPicks
2 Sep 15 06:43:15
$ANFI huge bounce play like $ACI. 100%+ upside potential P/E of 3 $EEM $VWO $UGAZ $TZA $SDS $HYG investors read http://t.co/L1jwUV6Bag
				
				
By  +Follow January 9, 2014 11:35AM
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