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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
#TheBEST
24 Apr 14 16:33:18
SINCE u FUCKTARD$ CAN'T $EEM TO MEET MY FUCKIN NEED$ & #FEEDMYFUCKINGREED THE RIGHT FUCKIN WAY... THERE WILL BE HELL TO PAY!!! #NiteFlirt
Jeff Quiggle
24 Apr 14 15:30:07
$MACRO > $TLT $EEM $USO $FEZ $JNK $SPY $FXI $OOO $IWM $GLD Yesterday > $TLT $EEM $USO $FEZ $JNK $FXI $SPY $QQQ $IWM $GLD
ETF Trends
24 Apr 14 15:10:08
Investors Cool on A-Shares Possible Inclusion in EM Index http://t.co/jAXZFndgXg #china #ashares #indexing $MSCI $ASHR $KBA $PEK $EEM
Tom Lydon
24 Apr 14 15:07:17
Investors Cool on A-Shares Possible Inclusion in EM Index http://t.co/7HQ6AVFyC3 #china #ashares #indexing $MSCI $ASHR $KBA $PEK $EEM
bennyrv 
24 Apr 14 14:49:26
$EEM tratando de defender su SMA20 pero con volumen escaso. http://t.co/zYspKX2v1Z
North Carter
24 Apr 14 14:45:57
$EEM Midday index, ETF option volumes http://t.co/50qK8pbc3p
ShortStockVolume.com
24 Apr 14 14:31:12
Top Shorted Stocks 04/24/14... 14. $RMD 74.84% 15. $XLP 73.29% 16. $XLB 72.06% 17. $XLU 71.87% 18. $EEM 71.42% 19. $MPEL 70.75%...
ShortStockVolume.com
24 Apr 14 14:31:11
Top Shorted Stocks 04/24/14... 16. $XLB 72.06% 17. $XLU 71.87% 18. $EEM 71.42%... http://t.co/1ySJKTLKqE
Yuonne Fulton
24 Apr 14 14:21:34
$EEM Midday index, ETF option volumes http://t.co/lgAxYfsCHr
Greg Harmon, CMT
24 Apr 14 13:33:19
$EEM 2nd hammer after small pullback, support 41/40.30, resistance 42.54/44 http://t.co/hUDkJkdBaf
ValueWalk.com
24 Apr 14 13:11:56
Yields Will Fool The Investor: 10 Reasons Why http://t.co/0OkpPULYIU $TBT $TLT $EWU $FED $EEM $EWJ $FXI
ValueWalk.com
24 Apr 14 12:45:16
Emerging Market Under-Performance Specific, Not General: Pzena http://t.co/2Au5uYjfvF $EEM $MACRO http://t.co/MbMUlDRkja
Mag Wilde
24 Apr 14 12:34:45
If equities resolve the consolidation higher, you may see a cleaner move out of the EM equity market pennants $EEM $TUR $EWZ etc.
Zen Trader Mx
24 Apr 14 10:37:45
Apretándose $EEM. El salto va a ser fuerte en los 3x (IMHO, a favor de cortos)
Carson Dahlberg, CMT
24 Apr 14 10:35:21
$EEM RiskRewardRatio has changed dramatically in the last few days 5/1.5 $VWO http://t.co/YxX1hWiYY5
Lola
24 Apr 14 10:22:08
The face of a working girl. $o much more than it $eem$.
Jake13
24 Apr 14 09:51:39
$GFI Barchart Opinion Click here to find out if $GFI is a buy hold or sell. Watching these stocks. $SGLB $EEM http://t.co/gE9Rn3Bzji
Shuli Ren
24 Apr 14 09:48:21
Credit Suisse: Forget “EM In DM”, “DM In EM” Instead http://t.co/h9Z6rODrfd via @barronsonline $EEM
Lutz Braune
24 Apr 14 09:27:07
$EEM Credit Suisse: Forget "EM In DM", "DM In EM" Instead http://t.co/LZpZCrWxAL
JeffBSF
24 Apr 14 09:25:02
Funny timing: just rec'd email w/ link to this bullish post re Euro equities via LNKD http://t.co/lMnX9R5pVm $IEV $EFA $EEM
JeffBSF
24 Apr 14 09:15:51
Another day of European equity strength against broad Dev Internat'l & EM. $IEV $EFA $EEM
Jake13
24 Apr 14 09:04:25
$EEM Sell? Click here to find out if $EEM is a buy hold or sell. Watching these stocks. $ICBU $USO $DIA $BHP h http://t.co/8PDDTeDGEF
'ga re Tshwane'
24 Apr 14 08:19:07
RT @andrewnyquist: RT @seeitmarket "Market Masters: Managing Risk With Trend Following" http://t.co/vO7gpJu5uO by @FabianCapital $SPY $EEM …
See It Market
24 Apr 14 08:13:27
RT @andrewnyquist: RT @seeitmarket "Market Masters: Managing Risk With Trend Following" http://t.co/vO7gpJu5uO by @FabianCapital $SPY $EEM …
ETF Godfather
24 Apr 14 07:57:06
Some folks don't want A-shares in $EEM #ETFs $ASHR $KBA http://t.co/1WZDziJy8g
ETF.com
24 Apr 14 07:52:49
4 Keys To Picking The Right ETF $EEM $VWO $SPY $RSP #ETF http://t.co/yVPfuPeDEI
Emerging Money
24 Apr 14 07:52:25
Emerging Money Audo Call - Listen to @timseymour discuss how he is trading $AAPL http://t.co/2XOrq58Dth $FXI $EWZ $EEM #emergingmakets
mikecronan
24 Apr 14 07:43:51
RT @ETFcom: http://t.co/vUKJ2mPJx9 White Paper: 2014 Definitive Guide To China ETFs #china $ASHR $EEM $VWO http://t.co/DarvC9t60y
Karen Damato
24 Apr 14 07:40:10
RT @ETFcom: http://t.co/vUKJ2mPJx9 White Paper: 2014 Definitive Guide To China ETFs #china $ASHR $EEM $VWO http://t.co/DarvC9t60y
iHangout
24 Apr 14 07:39:44
DennyT: Xtremepicks Alerts: ELTP Recent News $ELTP $MRK $WFT $EEM $IBM Buy or http://t.co/08Uvq3dU8N
iHangout
24 Apr 14 07:39:20
Stock_Tracker: HDOG HUB: $EEM Recent News Asia Stocks recap: Mixed moves http://t.co/0I6GnSz9PA
DennyT
24 Apr 14 07:36:00
ELTP Recent News $ELTP $MRK $WFT $EEM $IBM Buy or Sell Opinion,Volume,Current Price,Headlines,Hitting Buzz Sto http://t.co/6SYvHYl8nh
Stock_Tracker
24 Apr 14 07:35:32
$EEM Recent News Asia Stocks recap: Mixed moves for market 2:24 a.m. Today - http://t.co/pOifVlFFyl New ETF's c http://t.co/frdfbEfJds
Issaquah Capital
24 Apr 14 07:31:40
$EEM Code Red once again.. hmmm
BlockTradeAlert
24 Apr 14 07:20:12
BLOCK TRADE: $EEM 960,000 shares @ $41.15 [10:20:11]
leahanne
24 Apr 14 07:15:48
$SLV Silver Trust Ishares (SLV) 18.99 +0.30 (+1.61%) $AVOP $IWM $EEM http://t.co/5FgXyBRYgq
Pike Gall
24 Apr 14 07:00:34
$EEM Investors Cool on A-Shar http://t.co/aTn8ILxYVh
ValueWalk.com
24 Apr 14 06:41:51
Hedge Funds Witness Muted Start To 2014: Preqin http://t.co/CZEtOMTMZj $MACRO $EEM http://t.co/vVzVBJU1ME
Kym L
24 Apr 14 06:37:36
$EEM heavy, $TLT opens lower but it bought
ETF.com
24 Apr 14 06:34:04
http://t.co/vUKJ2mPJx9 White Paper: 2014 Definitive Guide To China ETFs #china $ASHR $EEM $VWO http://t.co/DarvC9t60y
Tim Brennan
24 Apr 14 06:24:41
Expected Ranges for 4/24/2014 $SPY $QQQ $AAPL $MSFT $AMZN $GS $EEM $FB $TSLA http://t.co/MHc0sz8yyd
satyuga
24 Apr 14 05:53:19
Revisiting $IWM / $SPY and $SPY / $EEM Ratios : Perhaps long EEM / short IWM is the best pair trade http://t.co/dtvDwc2qoq
Alessandro
24 Apr 14 05:31:46
RT @ETFtrends: Crazy for Cotton, $AAPL Dividend Good News for $TDIV, A-Shares to $EEM? More Energy $BAL $ASHR $SPY $CYB $IXC $IPW http://t.…
ETF Trends
24 Apr 14 05:31:02
Crazy for Cotton, $AAPL Dividend Good News for $TDIV, A-Shares to $EEM? More Energy $BAL $ASHR $SPY $CYB $IXC $IPW http://t.co/vosZrXFGR6
Stock_Tracker
24 Apr 14 03:16:18
Emrg Mkts Index MSCI Ishares (EEM) 41.34 $EEM Knowing ETF Firms' Traits Can Help You Sort Field at Investor's http://t.co/tO4JdIM0lJ
Lutz Braune
24 Apr 14 02:46:05
$EEM Asia Stocks recap: Mixed moves for market http://t.co/z5v0J5jCCm
Lutz Braune
24 Apr 14 01:42:13
$EEM Midday index, ETF option volumes http://t.co/agsYBO4q2D
chartguy89
24 Apr 14 00:47:29
EEM 4.69 Stock Charts $EEM Electricite et Eaux de Madagascar (EPA) Last Updated: 04/24/2014 02:47:28 EEM Stock http://t.co/Vw1wv7DD0a
Lutz Braune
23 Apr 14 21:34:33
$EEM Asia Stocks live blog: Mixed moves for market http://t.co/z5v0J5jCCm
Lutz Braune
23 Apr 14 21:24:04
$EEM Why it may be time to fold on casinos http://t.co/1v4r6era96
				
				
By  +Follow January 9, 2014 11:35AM
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