Hong Kong: Exports Fall Along with ETF

Export-dependent economies in Asia and the exchange-traded funds that track their markets are vulnerable to declining and oftentimes negative growth. Hong Kong’s (EWH) exports fell for the first time in five months in November according to Bloomberg, worsening the outlook for an economy already in recession. Overseas sales declined 5.3 percent from a year earlier, to 231 billion Hong Kong dollars ($29.8 billion), the government said, after gaining 9.4 percent in October.

Asia’s export-dependent economies are being battered by falling demand for electronics and textiles. Imports fell 7.9 percent, to 239 billion Hong Kong dollars, leaving a trade deficit of 8.2 billion Hong Kong dollars.