EIDO: iShares MSCI Indonesia Investable Market Index ETF Instablogs

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Monday, June 17, 9:26 AM Philippine (EPHE) and Thai (THD) stocks add 1.56% and 0.4% respectively to Friday's gains in thin trading. Across the region : Malaysian (EWM) and Indonesian (EIDO, IDX) shares rise 0.57% and 0.3%, while the Straits Times (EWS, EWSS) tacks on 0.7%. Vietnamese equities (VNM) sell-off to the tune of 2%. Comment! [Global & FX]
Friday, June 14, 8:30 AM Markets in Southeast Asia cap off a week of wild swings (I, II, III) with gains as stocks in the Philippines (EPHE), Indonesia (EIDO, IDX), and Thailand (THD) jump 2.1%, 3.32%, and 4.42% respectively. Of course, Philippine Finance Secretary Cesar Purisima wasn't losing any sleep anyway: "I am not concerned because Philippine economic fundamentals are good and improving," he says, adding that "markets go up and down." Elsewhere, the Straits Times (EWS, EWSS) rises 1% and stocks in Vietnam (VNM) are in the red by 1.18%. Comment! [Global & FX]
Thursday, June 13, 8:46 AM And you thought Japan was bad. Philippine shares (EPHE -3.36% premarket) plunge nearly 7% in Manila to their lowest levels since January. The PSEi is now off a ghastly 17.4% since May 15. Elsewhere, Thai shares (THD) drop another 2%, bringing losses since Monday to 7.7%. The rest of the region fares little better with Malaysian (EWM), Indonesian (EIDO, IDX), and Vietnamese (VNM) shares down 1.82%, 1.92%, and 0.61% respectively. The Straits Times (EWS, EWSS) sheds 0.72%. For the bright side, we go to SET president Charamporn Jotikasthira: Forward P/E multiples are very "attractive." 1 Comment [Global & FX, On the Move]
Thursday, June 13, 7:21 AM The Bank of Indonesia unexpectedly hikes its benchmark interest rate 25 bps to 6%, citing a need to act preemptively against inflation and global wobbles. Stocks in Jakarta (EIDO, IDX) fell 1.9% overnight, inline with a broad selloff in Asia. Comment! [Global & FX]
Wednesday, June 12, 9:08 AM Thai shares (THD) fall 1.3% on the heels of Tuesday's brutal sell-off as regional markets limp through another lackluster session. Malaysian (EWM) and Vietnamese (VNM) shares slip 0.25% and 0.71% respectively and the Straits Times (EWS, EWSS) slides 0.53%. The lone bright spot was Indonesia, where stocks (EIDO, IDX) rebound 1.91%. Comment! [Global & FX]
Tuesday, June 11, 8:29 AM It's a bad day for markets in Southeast Asia. In Bangkok, Thai shares (THD -5.73% premarket) collapse nearly 5% amid $178.57M in selling by foreign investors, while Philippine equities (EPHE -3.77% premarket) plummet 4.64% in Manila. Foreign selling totaling some $400M hits Indonesian stocks (EIDO, IDX -2.1% premarket) which sink 3.5% in Jakarta, making for a horrendous two-day slide. Malaysia (EWM) was steady and the 0.94% loss witnessed in Singapore (EWS, EWSS) seems comparatively tame. 2 Comments [Global & FX]
Monday, June 10, 8:30 AM Concerns about higher fuel costs may have contributed to net foreign outflows of $183.6M from Indonesian stocks (IDX, EIDO -3% premarket) Friday. The news sends shares down 1.81% in Jakarta. Meanwhile, bargain hunters helped boost beaten-down Philippine stocks (EPHE) by 2.59% in Manila. Across the region: Thai (THD) and Malaysian (EWM) equities rise 0.8% and 0.7% respectively, stocks in Singapore (EWS) add 0.5%, recovering a bit from Friday's swoon, and Vietnamese shares (VNM) slip 0.65%. Comment! [Global & FX]
Monday, May 20, 9:47 AM UBS' 5 "suspected" asset bubbles: 1) Risk-free rates - specifically Treasurys (TLT), Bunds (BUND, BUNL), JGBs (JGBL, JGBT, JGBD, JGBS) 2) Credit (HYG, JNK) 3) Real estate in Asia (WPS) 4) Certain EM equity markets (EIDO, IDXJ, EPHE, THD, EWW) 5) Australian banks (WBK, NABZY.PK, ANZBY.PK, CMWAY.PK). Comment!
Monday, December 31, 2012, 11:51 AM More details on iShares' ETF fee hikes: Going to 0.61% from 0.59% (a 3.4% hike) are its Chile Investable Market Fund (ECH), China Small Cap Fund (ECNS), Indonesia Investable Market Fund (EIDO), Israel Capped Investable Market Fund (EIS), Philippines Investable Market Fund (EPHE) , Poland Investable Market Fund (EPOL), All Peru Capped Fund (EPU), Taiwan Fund (EWT), South Korea Fund (EWY), Brazil Fund (EWZ), Brazil Small Cap Fund (EWZS), South Africa Fund (EZA), Thailand Investable Market Fund (THD) and Turkey Investable Market Fund (TUR). 2 Comments [Global & FX]
Wednesday, March 7, 2012, 2:02 AM Economists expect little action from a slew of Asia-Pacific rate decisions this week. Given the rise in oil prices and the easing of eurozone meltdown concerns, central banks in South Korea, New Zealand, Indonesia and Malaysia are expected to hold rates steady. Comment! [Global & FX]
Friday, January 13, 2012, 7:00 AM Chevron (CVX) will make a major investment decision on an offshore gas field in Indonesia shortly, according to regulators. The nation - Southeast Asia's largest crude producer - looks to reverse a steady decline in output that led to its withdrawal from OPEC. Comment! [Energy, Global & FX]
Thursday, November 17, 2011, 9:59 AM Inflation worries have quickly been replaced in Asia, where recently hawkish central banks - Indonesia and South Korea to name two - are either sitting on their hands or beginning to slash rates as 2012 starts to look bleak. Of course, China is the gorilla, and, as of yet, hasn't begun to lift its clampdown on credit. Comment! [Global & FX]
Tuesday, November 15, 2011, 7:24 AM Japanese companies may start investing to build factories in Indonesia and Vietnam after the flooding disaster in Thailand dramatically exposes a need to diversify manufacturing operations. Economist Tohru Nishihama sees the economic opportunity for Thailand's neighbors: "Indonesia has a large population and its domestic demand is quite strong, while Vietnam’s population is increasing." Comment! [Global & FX]
Tuesday, October 11, 2011, 7:14 AM In a surprise move, Indonesia cuts its benchmark rate 25 basis points to 6.5%, commenting that inflation is on track to fall below its 5% target. Indonesia ETF: IDX -18% for the last quarter. (PR) Comment! [Global & FX]
Friday, September 16, 2011, 7:35 AM The Reserve Bank of India raises its benchmark rate 25 basis points to 8.25%, the 12th hike in a cycle that began in March 2010. The move contrasts with recent surprise cuts by Brazil, Turkey, and Russia. "A premature change in the policy stance could harden inflationary expectations, thereby diluting the impact of past policy actions," says the RBI. Comment! [Global & FX]
Monday, August 1, 2011, 10:49 AM India cuts its official growth estimate for 2011 to 8.2%, still higher than private economists are predicting. More data to chew on: the July PMI prints at 53.6 from 55.3 previously, the 3rd consecutive decline. With inflation continuing above 9%, its unlikely monetary policy will soon stray from its tightening path. Comment! [Global & FX]

EIDO iShares MSCI Indonesia Investable Market Index ETF

EIDO

iShares MSCI Indonesia Investable Market Index ETF