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iShares MSCI Hong Kong ETF (EWH)

  • Apr. 22, 2012, 5:23 AM
    China is likely to continue taking steps to allow the yuan to trade more freely following the recent widening of its exchange-rate band, Yi Gang, the Deputy Governor of the PBOC, said yesterday. "It's time to let the market more or less to decide the rate (while) reducing the intervention," Yi said without elaborating on the timing of such moves.
    | Apr. 22, 2012, 5:23 AM | Comment!
  • Apr. 19, 2012, 11:36 AM
    China moves to allow domestic funds to introduce yuan-denominated equity ETFs in Hong Kong, affording offshore investors the opportunity to use yuan to invest in mainland markets. It's not the first move this year suggesting Beijing's interest in funneling investor dollars towards the country's stock markets.
    | Apr. 19, 2012, 11:36 AM | 3 Comments
  • Apr. 19, 2012, 9:45 AM
    The widening of the yuan's trading band - far from being a signal of Beijing's confidence in the economy - makes devaluation even more likely, says SocGen's Al Edwards. China's vaunted current account surplus is essentially no more and even the IMF is no longer calling the currency overvalued.
    | Apr. 19, 2012, 9:45 AM | Comment!
  • Apr. 18, 2012, 3:45 PM
    Take advantage of recently improved sentiment on China to buy puts on Hong Kong (EWH), says SocGen's Rebecca Cheong. China's property correction "is only halfway done," according to her team. There are a number of ways to play this, but low volatility on EWH makes puts a particularly cheap way to make a bearish bet.
    | Apr. 18, 2012, 3:45 PM | Comment!
  • Apr. 18, 2012, 7:32 AM
    Home prices fell in 62 out of 70 tracked Chinese cities in March, according to a private survey (official survey here). The figure was slightly worse than February, but an improvement from November's level. The China Real Estate ETF: TAO +21.9% YTD.
    | Apr. 18, 2012, 7:32 AM | Comment!
  • Apr. 18, 2012, 7:27 AM
    Home prices fell in 46 out of 70 tracked Chinese cities in March, up from declines in 45 in February, reports the NBS. On a Y/Y basis, home prices declined in 38 cities vs. just 27 in February. Home sales were 17% lower during Q1, says Credit Agicole's Dariusz Kowalczyk, citing separate data. Shangahi +2% last night, led by property developers. Go figure.
    | Apr. 18, 2012, 7:27 AM | 3 Comments
  • Apr. 17, 2012, 7:13 AM
    March marked the 5th straight month of declining foreign investment into China. For Q1 FDI dropped 2.8% Y/Y vs. an increase of 29.4% the previous year. It's another signal of a slowing economy and that the yuan, for now, doesn't have a lot of upside against the dollar. Shares in Shanghai have their worst day in a week, -0.9%.
    | Apr. 17, 2012, 7:13 AM | Comment!
  • Apr. 17, 2012, 2:44 AM
    Foreign direct investment into China fell 6.1% in March from the previous year to $11.76B. For Q1, FDI stands at $29.5B, down 2.8% Y/Y.
    | Apr. 17, 2012, 2:44 AM | Comment!
  • Apr. 13, 2012, 3:15 PM
    Slowing GDP growth doesn't make the top of the list of China's worries, writes John Foley. At the head of the pack is political shenanigans - as exemplified by the Bo Xilai saga - surrounding next year's leadership change. Next is the banking system - "built on distortions that promote misallocation of capital" - reporting a spurious 1% of loans as non-performing.
    | Apr. 13, 2012, 3:15 PM | 6 Comments
  • Apr. 13, 2012, 9:13 AM
    More on China's GDP: Q1 annualized growth dips to 7.4% from 7.8% in Q4 and below the government target of 7.5%. Consumption spending contributed 76% of the growth vs. a 10-year average of 42%. Real estate was the main drag with prices, floor space started, and floor space sold all in negative territory.
    | Apr. 13, 2012, 9:13 AM | 7 Comments
  • Apr. 13, 2012, 7:45 AM
    More on supposed China RRR cut: The still-unconfirmed report was lifted off of Sina and says China has cut the reserve rate requirement for some rural banks by 1%. Beijing cut the rate for its ag banks ahead of a national reduction the last time around.
    | Apr. 13, 2012, 7:45 AM | 1 Comment
  • Apr. 12, 2012, 10:41 PM
    S&P 500 futures give up early evening gains following the weak Chinese GDP print, now -0.2%. The Hang Seng +1.6%. Shanghai flat. The biggest reaction is in the Aussie dollar, -0.4% to $1.0396. While the slow number may add to global economic concerns, it presumably opens the door a bit wider to a shot of monetary stimulus from Beijing.
    | Apr. 12, 2012, 10:41 PM | Comment!
  • Apr. 12, 2012, 1:01 PM
    A rumor China's Q1 GDP is going to print 9% tonight is being give some credit for today's rally in risk assets. Putting aside suspicions about Chinese data, we forget - is it bullish or bearish for the number to come in fast? Wouldn't strong Q1 GDP lessen the need for monetary ease - rumors of which are also getting credit for today's rally.
    | Apr. 12, 2012, 1:01 PM | 10 Comments
  • Apr. 12, 2012, 12:21 PM
    China may cut bank reserve ratio requirements as soon as early next week, according to SGH Macro Advisors, which cites "well-informed Chinese sources." Those hoping for an ease will have an eye on tonight's Q1 GDP report to see if it confirms a slowing economy. (more on China stimulus)
    | Apr. 12, 2012, 12:21 PM | 1 Comment
  • Apr. 12, 2012, 12:04 PM
    China's monetary stimulus is starting to take effect, writes Sober Look, pointing to March's jump in new lending. A look at a chart of new loans over a 4-year period shows what an outlier March's figure is. The market is looking for stimulus "no matter where it comes from ... China seems to be just as good (as the Fed)."
    | Apr. 12, 2012, 12:04 PM | Comment!
  • Apr. 12, 2012, 11:18 AM
    "Profumo, Berlusconi, and Vince Foster all rolled into one," is how Patrick Chovanec describes the Bo Xilai affair in China. While he agrees Bo's ouster is not likely to threaten the Communist Party's hold on power, it is sure to "shake things up."
    | Apr. 12, 2012, 11:18 AM | Comment!
EWH Description
The iShares MSCI Hong Kong Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Hong Kong market, as measured by the MSCI Hong Kong Index.
See more details on sponsor's website
Country: Hong Kong
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