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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.


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Results for EEM
Jeremy Hill
6 Mar 15 17:03:47
RT @macroQmicro: $MACRO > $UUP $QQQ $JNK $IWM $SPY $FEZ $FXI $EEM $USO $TLT $VXX $GLD
Jeff Quiggle
6 Mar 15 17:01:53
$MACRO > $UUP $QQQ $JNK $IWM $SPY $FEZ $FXI $EEM $USO $TLT $VXX $GLD
PolgarStocks
6 Mar 15 16:31:26
$IBM Opinions Updated Friday, March 6, 2015 7:07:22 PM $KOL $VRX $VNQ $EEM http://t.co/9jNHAkLY9G
Rosner Stocks
6 Mar 15 15:32:46
$XLU Opinions Updated Friday, March 6, 2015 5:59:25 PM $EEM $IBB $SNDK $HD http://t.co/xmgIrESY4k
PolgarStocks
6 Mar 15 15:29:36
$FEYE Reviews Updated Friday, March 6, 2015 6:07:11 PM $IMSC $NGHT $RSP $EEM http://t.co/UZ1uV691wX
Spencer Clarke
6 Mar 15 14:55:07
RT @MarathonWealth: OUCH! This $USD strength hurts everything: $SPY $QQQ $EEM $GMM $WTI $GLD & #SP500 #Earnings (#Fed backed into corner) h…
XATS-UK
6 Mar 15 14:53:21
Profit-taking putting pressure on the #EmergingMarkets #ETF $EEM. http://t.co/GFP6AeTS1Z
ShortStockVolume.com
6 Mar 15 14:34:20
Top Shorted Stocks 03/06/15... 14. $CLF 77.24% 15. $EEM 77.16% 16. $PGR 77.13% 17. $ITB 76.95% 18. $EFA 76.93% 19. $KRE 75.54%...
ShortStockVolume.com
6 Mar 15 14:34:17
Top Shorted Stocks 03/06/15... 14. $CLF 77.24% 15. $EEM 77.16% 16. $PGR 77.13%... http://t.co/DfUDjx8sPk
IH News Desk
6 Mar 15 13:27:39
$AAPL Stock Forum Updated Friday, March 6, 2015 4:11:08 PM $EDV $AEM $XLI $EEM http://t.co/N4P4scy0oU
Langan Stocks
6 Mar 15 13:25:10
$ALXN Stock Price Updated Friday, March 6, 2015 4:03:20 PM $UNH $EEM $FXY $GG http://t.co/NFzJ9nCZ8s
 Will
6 Mar 15 13:14:29
i'd be more concerned if the market went up today $spy $iwm $eem $tlt $vxx
MrDev
6 Mar 15 12:53:26
IF THE THRUST moves UP into Monday..or Closes UP Monday.. I'll Sell Short again $RUT $SPX $RUT $EEM $NQ $ES $IWM $QQQ
Bobby
6 Mar 15 12:26:49
RT @Kevin_Goodall: $EEM looking increasingly smackable. A break of $38 and it's in trouble! #MACRO!!!
IH News Desk
6 Mar 15 12:26:36
$HD Stock Forum Updated Friday, March 6, 2015 3:11:06 PM $PBR $EEM $AEM $TNA http://t.co/V0zFeVAzHD
Langan Stocks
6 Mar 15 12:23:07
$GG Financials Updated Friday, March 6, 2015 3:03:18 PM $AKAM $BBRY $CAT $EEM http://t.co/n4dXKpznzI
Alex Thimaya
6 Mar 15 12:20:51
RT @Kevin_Goodall: $EEM looking increasingly smackable. A break of $38 and it's in trouble! #MACRO!!!
Kevin Goodall
6 Mar 15 11:50:10
$EEM looking increasingly smackable. A break of $38 and it's in trouble! #MACRO!!!
Langan Stocks
6 Mar 15 11:22:12
$PBR Company Info Updated Friday, March 6, 2015 2:03:21 PM $MCD $GDXJ $EEM $DBA http://t.co/zXGPmOr0n2
Jeff Sandene, CFP®
6 Mar 15 10:57:10
OUCH! This $USD strength hurts everything: $SPY $QQQ $EEM $GMM $WTI $GLD & #SP500 #Earnings (#Fed backed into corner) http://t.co/qCtc69rB5O
Investors Hangout
6 Mar 15 10:41:16
lookn4wins: EEM -1.35% Stock Charts $EEM Electricite et Eaux http://t.co/ZnPltjjc53
Investors Hangout
6 Mar 15 10:41:15
lookn4wins: EEM -1.35% Stock Charts $EEM Electricite et Eaux http://t.co/fyxVhTjuxg
lookn4wins
6 Mar 15 10:33:25
EEM -1.35% Stock Charts $EEM Electricite et Eaux de Madagascar (EPA) Any opinions on EEM? Please reply to this http://t.co/nreZWzef2f
Market Int Center
6 Mar 15 10:25:08
iShares MSCI Emerging Markets Index $EEM Showing Support Near $39.56 ( http://t.co/8wfoHN1zS0 )
PolgarStocks
6 Mar 15 10:23:07
$MYEC Last Price Updated Friday, March 6, 2015 1:07:12 PM $EEM $AEZS $BBY $BLRX http://t.co/WHBv7P21M7
MACRO Y TENDENCIAS
6 Mar 15 10:17:31
$usdbrl Real proving break of 3, consolidating next target 3.5 http://t.co/jtqBdNQuWa $ewz $eem $eww $vale $pbr
Julian
6 Mar 15 09:57:25
El EEM se mantiene lateral en el largo plazo ¿Qué niveles vigilar? - See more at: http://t.co/l6wLSK1Z7G $EEM @Saladeinversion
Jason Olive
6 Mar 15 09:43:04
RT @SeekingAlpha: 2015: What Is Oil Really Telling Us? http://t.co/fC2qlh1wls $DIA $EEM $FXI $GLD $HYG $JJC $JNK $JO $OIL $SGG $SPY $USO $U…
Craig Garbers
6 Mar 15 09:41:57
RT @SeekingAlpha: 2015: What Is Oil Really Telling Us? http://t.co/fC2qlh1wls $DIA $EEM $FXI $GLD $HYG $JJC $JNK $JO $OIL $SGG $SPY $USO $U…
Kenneth Rapoza
6 Mar 15 09:40:54
RT @DeFotis: Brazil Stocks Lower As Petrobras Scandal Erupts & Politicians Take Heat http://t.co/DsY6l76sX6 $PBR $EWZ $EEM $GFA $PDGRY $CYR…
Dan Right
6 Mar 15 09:40:21
RT @SeekingAlpha: 2015: What Is Oil Really Telling Us? http://t.co/fC2qlh1wls $DIA $EEM $FXI $GLD $HYG $JJC $JNK $JO $OIL $SGG $SPY $USO $U…
Seeking Alpha
6 Mar 15 09:39:35
2015: What Is Oil Really Telling Us? http://t.co/fC2qlh1wls $DIA $EEM $FXI $GLD $HYG $JJC $JNK $JO $OIL $SGG $SPY $USO $UUP $VXX $XLE
Langan Stocks
6 Mar 15 09:23:58
Stocks Trending Now: http://t.co/TkLSaytau1 $PBR $TWTR $TLT $IBM $JALA $EEM $SLTD $GMCR $XLF $QLD $DDD $HPQ ~
Rosner Stocks
6 Mar 15 09:23:19
$ALK Stock Forum Updated Friday, March 6, 2015 11:59:25 AM $EEM $DNKN $WEN $MU http://t.co/0YledJrmq3
Rosner Stocks
6 Mar 15 09:23:08
$ACT Financials Updated Friday, March 6, 2015 11:59:25 AM $SDRL $EEM $JNJ $ALXN http://t.co/q34elsmK8G
Live4rmThe9
6 Mar 15 09:22:24
RT @FlexinAssReesey: Moneyy Doesn't Mean Anything It Just Always $eem Like It Does💯
Langan Stocks
6 Mar 15 09:18:41
$EEM Short Sales Updated Friday, March 6, 2015 12:03:19 PM $VNQ $ALK $FITX $A http://t.co/vg57ju2lSP
Investors Hangout
6 Mar 15 09:07:15
Stocks Trending Now: http://t.co/48sklYjpAJ $XLK $EEM $SPXL $ASHR $SMH $ABIO $CTIC $PG $UNG $EUO $VNQ $VXF ~
Bradley
6 Mar 15 09:00:20
I love this trading girl! $XLF $FXI $BAC $KO $EEM $TLT $EWT $COP $QQQ $VXX $XOP http://t.co/l9JkTCtpHR http://t.co/Vb3seSITHL
MrDev
6 Mar 15 08:59:48
@focus1234567 I quote the Daily but remember its a short term (1-2day) indicator $NQ $ES $NDX $SPX $INDU $QQQ $EEM $VIX $TF $RUT $IWM
MrDev
6 Mar 15 08:54:44
The THRUST MODEL is NOW Extremely Oversold ! $NQ $ES $NDX $SPX $INDU $QQQ $EEM $VIX $TF $RUT $IWM
MrDev
6 Mar 15 08:47:38
@focus1234567 thank you The Dev SHORT RULE with the OB THRUST set up is a tool that works very well $NDX $SPX $INDU $RUT $EEM $NQ $ES $TF
Exxon Javier
6 Mar 15 08:43:11
RT @stt2318: $EEM breaking down... http://t.co/NWAdqhV0hw
BlockTradeAlert
6 Mar 15 08:38:49
BLOCK TRADE: $EEM 1,450,000 shares @ $39.30 [11:38:47]
MrDev
6 Mar 15 08:30:55
The THRUST Model is between Oversold & Extremely Oversold so I would say this could be the LOW of the Day $NQ $ES $NDX $SPX $INDU $QQQ $EEM
radarthis
6 Mar 15 08:30:28
RT @stt2318: $EEM breaking down... http://t.co/NWAdqhV0hw
Guess Its Jo ッ ♑️
6 Mar 15 08:30:09
RT @FlexinAssReesey: Moneyy Doesn't Mean Anything It Just Always $eem Like It Does💯
Michael Sanzo
6 Mar 15 08:29:49
RT @stt2318: $EEM breaking down... http://t.co/NWAdqhV0hw
T Free G $lim B
6 Mar 15 08:29:34
“@FlexinAssReesey: Moneyy Doesn't Mean Anything It Just Always $eem Like It Does💯”
JohnnyTGBCa$h ♎️
6 Mar 15 08:28:01
Moneyy Doesn't Mean Anything It Just Always $eem Like It Does💯
				
				
By  +Follow January 9, 2014 11:35AM
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