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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.

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Results for EEM
$COP
1 Apr 15 17:04:16
#sentishiftup $UNG $LL $TSLA $YELP $SAM $TZA $COP $RIG $EEM $AA #sentiquant 20150401 18:00:02:869 … … … … … … … http://t.co/ar5rXoWptA
$COP
1 Apr 15 16:49:14
#sentishiftup $UNG $LL $TSLA $YELP $SAM $TZA $COP $RIG $EEM $AA #sentiquant 20150401 18:00:02:869 … … … … … … http://t.co/ar5rXoWptA
PolgarStocks
1 Apr 15 16:38:11
$DAL Filings Updated Wednesday, April 1, 2015 7:07:15 PM $PBR $EEM $XLP $TZA http://t.co/Za0njvm95O
$COP
1 Apr 15 16:33:28
#sentishiftup $UNG $LL $TSLA $YELP $SAM $TZA $COP $RIG $EEM $AA #sentiquant 20150401 18:00:02:869 … … … … … http://t.co/ar5rXoWptA
$COP
1 Apr 15 16:17:29
#sentishiftup $UNG $LL $TSLA $YELP $SAM $TZA $COP $RIG $EEM $AA #sentiquant 20150401 18:00:02:869 … … … … http://t.co/ar5rXoWptA
$COP
1 Apr 15 16:01:32
#sentishiftup $UNG $LL $TSLA $YELP $SAM $TZA $COP $RIG $EEM $AA #sentiquant 20150401 18:00:02:869 … … … http://t.co/ar5rXoWptA
$COP
1 Apr 15 15:47:24
#sentishiftup $UNG $LL $TSLA $YELP $SAM $TZA $COP $RIG $EEM $AA #sentiquant 20150401 18:00:02:869 … … http://t.co/ar5rXoWptA
$COP
1 Apr 15 15:29:07
#sentishiftup $UNG $LL $TSLA $YELP $SAM $TZA $COP $RIG $EEM $AA #sentiquant 20150401 18:00:02:869 … http://t.co/ar5rXoWptA
$COP
1 Apr 15 15:13:04
#sentishiftup $UNG $LL $TSLA $YELP $SAM $TZA $COP $RIG $EEM $AA #sentiquant 20150401 18:00:02:869 http://t.co/ar5rXoWptA
Top ETF Funds
1 Apr 15 15:10:23
Investors Shouldn't Get Shocked By Weak China Data Flow.. http://t.co/2jUjnrTJDa $EEM #ETF #ETFs #Stocks
Top ETF Funds
1 Apr 15 15:10:07
Minimum Volatility: Strategy for Market Ups and Downs.. http://t.co/OGwpWpSE6T $EEM #ETF #ETFs #Stocks
Top ETF Funds
1 Apr 15 15:09:50
A Good Day for Emerging-Market ETFs.. http://t.co/BIYRSDGunr $EEM #ETF #ETFs #Stocks
Sentiquant
1 Apr 15 14:59:52
#sentishiftup $UNG $LL $TSLA $YELP $SAM $TZA $COP $RIG $EEM $AA #sentiquant 20150401 18:00:02:869
TalkMarkets Recap
1 Apr 15 14:09:03
The #Stock Whisper Of The Day - #MU, #AKS, #EEM, #GT $JCP $SPY $MU $AKS $EEM $GT http://t.co/nmrQOYDS23
$WWE
1 Apr 15 13:57:06
#KCA #VoteJKT48ID NewsWWE__: #sentishiftup $TSLA $LL $UNG $YELP $TZA $KMI $EEM $RIG $NXTD $WWE #sentiquant 2015040… http://t.co/XWSkjKcdhz
$WWE
1 Apr 15 13:41:17
#KCA #VoteJKT48ID NewsWWE__: #sentishiftup $TSLA $LL $UNG $YELP $TZA $KMI $EEM $RIG $NXTD $WWE #sentiquant 2015040… http://t.co/XWSkjKcdhz
PolgarStocks
1 Apr 15 13:36:17
$XLI Opinions Updated Wednesday, April 1, 2015 4:07:06 PM $WEN $CHK $EEM $FB http://t.co/S8dv0Bxsle
$WWE
1 Apr 15 13:26:28
#KCA #VoteJKT48ID NewsWWE__: #sentishiftup $TSLA $LL $UNG $YELP $TZA $KMI $EEM $RIG $NXTD $WWE #sentiquant 2015040… http://t.co/XWSkjKcdhz
Matthias
1 Apr 15 13:10:24
@allstarcharts $EEM also interesting, trendline is breaking
Sentiquant
1 Apr 15 12:59:55
#sentishiftup $UNG $TSLA $LL $YELP $TZA $SAM $RIG $COP $EEM $AA #sentiquant 20150401 16:00:05:757
TalkMarkets
1 Apr 15 12:59:13
Second Quarter 2015: Should You Consider #EmergingMarkets? $EEM $ECON $SSNLF $TSM #ETFs http://t.co/6Q5i96UVJe
$WWE
1 Apr 15 12:54:24
#KCA #VoteJKT48ID NewsWWE__: #sentishiftup $TSLA $LL $UNG $YELP $TZA $KMI $EEM $RIG $NXTD $WWE #sentiquant 2015040… http://t.co/XWSkjKcdhz
Long-Short Hedgie
1 Apr 15 12:53:12
RT @StockTwits: Look what Central Banks are doing around the world. THIS from @MktOutperform -> http://t.co/EUPkvEgzEz $UUP $EEM http://t.…
Dro$e 〽️
1 Apr 15 12:42:03
RT @FlexinAssReesey: Money Isn't REAL It Doesn't Mean Anything It Just ALWAYS $eem Like It Does💯
JohnnyTGBCa$h ♎️
1 Apr 15 12:39:27
Money Isn't REAL It Doesn't Mean Anything It Just ALWAYS $eem Like It Does💯
$WWE
1 Apr 15 12:38:19
#KCA #VoteJKT48ID NewsWWE__: #sentishiftup $TSLA $LL $UNG $YELP $TZA $KMI $EEM $RIG $NXTD $WWE #sentiquant 2015040… http://t.co/XWSkjKcdhz
$COP
1 Apr 15 12:36:06
Barcelona! Take me back! $XLF $FXI $BAC $KO $EEM $TLT $EWT $COP $QQQ $VXX $XOP http://t.co/Bhi2dEmJR7 … … http://t.co/ar5rXoWptA
$COP
1 Apr 15 12:36:05
#sentishiftup $TSLA $UNG $LL $YELP $TZA $EEM $RIG $SAM $COP $AUD #sentiquant 20150401 15:00:05:945 … … http://t.co/ar5rXoWptA
$COP
1 Apr 15 12:36:03
#sentishiftup $TSLA $UNG $LL $YELP $TZA $EEM $AMGN $RIG $AUD $COP #sentiquant 20150401 14:00:05:274 … … … … … http://t.co/ar5rXoWptA
PolgarStocks
1 Apr 15 12:35:08
$EA Financials Updated Wednesday, April 1, 2015 3:07:06 PM $GE $XLY $EEM $SLTD http://t.co/0M3OoAsUi1
Rosner Stocks
1 Apr 15 12:35:08
$GLD Filings Updated Wednesday, April 1, 2015 2:59:24 PM $LUV $ABBV $EEM $AGG http://t.co/J3NfLWsrlj
Bryan pasaribu
1 Apr 15 12:23:23
#KCA #VoteJKT48ID NewsWWE__: #sentishiftup $TSLA $LL $UNG $YELP $TZA $KMI $EEM $RIG $NXTD $WWE #sentiquant 20150401 12:00:06:214 … … … … … …
$WWE
1 Apr 15 12:22:58
#sentishiftup $TSLA $LL $UNG $YELP $TZA $KMI $EEM $RIG $NXTD $WWE #sentiquant 20150401 12:00:06:214 … … … … … … … … http://t.co/XWSkjKcdhz
$COP
1 Apr 15 12:19:19
Barcelona! Take me back! $XLF $FXI $BAC $KO $EEM $TLT $EWT $COP $QQQ $VXX $XOP http://t.co/Bhi2dEmJR7 … http://t.co/ar5rXoWptA
$COP
1 Apr 15 12:19:18
#sentishiftup $TSLA $UNG $LL $YELP $TZA $EEM $RIG $SAM $COP $AUD #sentiquant 20150401 15:00:05:945 … http://t.co/ar5rXoWptA
$COP
1 Apr 15 12:19:17
#sentishiftup $TSLA $UNG $LL $YELP $TZA $EEM $AMGN $RIG $AUD $COP #sentiquant 20150401 14:00:05:274 … … … … http://t.co/ar5rXoWptA
royfberger
1 Apr 15 12:15:08
Barcelona! Take me back! $XLF $FXI $BAC $KO $EEM $TLT $EWT $COP $QQQ $VXX $XOP http://t.co/JUFJoVvAWo http://t.co/ng8OH73S5f
$WWE
1 Apr 15 12:07:35
#sentishiftup $TSLA $LL $UNG $YELP $TZA $KMI $EEM $RIG $NXTD $WWE #sentiquant 20150401 12:00:06:214 … … … … … … … … http://t.co/XWSkjKcdhz
$COP
1 Apr 15 12:03:45
#sentishiftup $TSLA $UNG $LL $YELP $TZA $EEM $RIG $SAM $COP $AUD #sentiquant 20150401 15:00:05:945 http://t.co/ar5rXoWptA
$COP
1 Apr 15 12:03:43
#sentishiftup $TSLA $UNG $LL $YELP $TZA $EEM $AMGN $RIG $AUD $COP #sentiquant 20150401 14:00:05:274 … … … http://t.co/ar5rXoWptA
Large Void Bot
1 Apr 15 12:00:20
Popular: $IYT, $EEM, $ACAS, $CPA, $HLX, $DVN, $LUV, $KO
Sentiquant
1 Apr 15 11:59:55
#sentishiftup $TSLA $UNG $LL $YELP $TZA $EEM $RIG $SAM $COP $AUD #sentiquant 20150401 15:00:05:945
Ariel
1 Apr 15 11:57:35
RT @MarkNewtonCMT: $EEM growing increasingly more bullish technically in SHORT RUN on move > March highs- 40.75-41 impt.. > leads to $44 ht…
$SDRL
1 Apr 15 11:52:33
Today's Gainers: $ABX $SLW $LO $MXF $KKR $SDRL $EEM $EWG http://t.co/EETe7rsFZk http://t.co/EETe7rsFZk … http://t.co/EETe7rsFZk
$WWE
1 Apr 15 11:51:36
#sentishiftup $TSLA $LL $UNG $YELP $TZA $KMI $EEM $RIG $NXTD $WWE #sentiquant 20150401 12:00:06:214 … … … … … … … http://t.co/XWSkjKcdhz
Al Sabogal
1 Apr 15 11:50:22
RT @MarkNewtonCMT: $EEM growing increasingly more bullish technically in SHORT RUN on move > March highs- 40.75-41 impt.. > leads to $44 ht…
$COP
1 Apr 15 11:48:45
#sentishiftup $TSLA $UNG $LL $YELP $TZA $EEM $AMGN $RIG $AUD $COP #sentiquant 20150401 14:00:05:274 … … http://t.co/ar5rXoWptA
Forward View
1 Apr 15 11:43:05
Our Director of Research was cited in this Forbes article: http://t.co/reV3Crte9y $CNXT $ASHR $FXI $ASHS $EEM
$SDRL
1 Apr 15 11:36:38
Today's Gainers: $ABX $SLW $LO $MXF $KKR $SDRL $EEM $EWG http://t.co/EETe7rsFZk http://t.co/EETe7rsFZk http://t.co/EETe7rsFZk
$WWE
1 Apr 15 11:35:25
#sentishiftup $TSLA $LL $UNG $YELP $TZA $KMI $EEM $RIG $NXTD $WWE #sentiquant 20150401 12:00:06:214 … … … … … … http://t.co/XWSkjKcdhz
				
				
By  +Follow January 9, 2014 11:35AM
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