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iShares MSCI Hong Kong Index ETF

6/18/2013, 11:56 PM ET

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Thursday, September 20, 2012, 7:09 AM China leads an overnight tumble in Asia with weak (but expected) manufacturing numbers and the island dispute with Japan turning into something more than a war of words as good of excuses as any for selling. Shanghai -2.1%, Hong Kong -1.2%. Comment! [Global & FX]
Friday, September 14, 2012, 7:26 AM "(QE3) will create the potential for renewed influx of capital into Hong Kong ... We have to stand ready for it," says the state's central bank chief Norman Chan. The bank last night immediately moved to tighten mortgage lending standards and fiscal authorities claim to be at-the-ready will more property curbs. The Hang Seng +2.8%. Comment! [Global & FX]
Wednesday, September 12, 2012, 7:05 AM "Be it monetary or fiscal, we still have ample strength," says Chinese Premier Wen Jiabao, trying to assure Beijing has the bullets necessary to support the economy. No one doubts the government has the necessary tools, but some question whether leadership has the appetite to use them. Shanghai +0.3%, Hong Kong +1.1%. 1 Comment [Global & FX]
Wednesday, September 5, 2012, 7:01 AM The Hang Seng, -1.5%, suffers its worst loss in 6 weeks, led by a 4% decline in China Minsheng Bank after a JPMorgan downgrade. Also hammered are coal producers amidst reports of sky-high inventories and a 10% dive in Shandong coking coal prices last week. Yanzhou Coal (YZC) fell 6.2%. 1 Comment [Global & FX]
Thursday, August 30, 2012, 7:13 AM China Cosco - the world's largest operator of dry bulk ships - sinks to an all-time low in Hong Kong after posting a H1 loss of $767M. The country's 2nd largest ship operator - China Shipping Container Lines - posted equally dismal earnings. Neither company sees any relief in sight for industry overcapacity. The Hang Seng (EWH) -1.2%. Comment! [Global & FX]
Friday, August 10, 2012, 7:35 AM Hong Kong cuts its 2012 GDP growth estimate to 1-2% from 1-3% previously, "amid mounting headwinds in the global economy." This follows a Q2 GDP print of 1.1% vs. estimates of 1.2% and 0.7% in Q1. The Hang Seng was off 0.7% overnight. Comment! [Global & FX]
Monday, July 16, 2012, 3:06 AM Despite hopes of additional stimulus, Chinese stocks fell heavily on earnings concerns; benchmark index -1.8%. In particular, ZTE Corp., China's second-largest telecom maker, fell by the daily trading limit of 10% after warning H1 profits may have declined as much as 80%. 1 Comment [Global & FX, On the Move]
Thursday, July 12, 2012, 6:59 AM Chinese banks extended ¥919B in new loans in June, up from ¥793.2B in May and against expectations for ¥880B. Slowdown over, according to Credit Agricole's Dariusz Kowalczyk. "The data confirms our view that further rate cuts are not needed and thus are unlikely." Shanghai rises 0.5% amidst a big sell-off worldwide. Comment! [Global & FX]
Wednesday, July 11, 2012, 7:17 AM China goes its own way again, Shanghai rallying (+0.5%) off a 6-month low as most other markets sank amid slowing economic growth worries. Chatter about fiscal stimulus was the excuse for buying, but the market has been through a rough patch and was set for a turn. China Southern Airlines (ZNH) tumbled as the slowdown threatens its entire H1 profit. 1 Comment [Global & FX]
Tuesday, July 10, 2012, 6:58 AM Chinese stocks fell to a 6-month low after a smaller-than-expected rise in June imports combined with slowing export growth to feed concerns of a hard landing. "There's something bad for everyone in this," says ING's Tim Condon. Shanghai -0.3%. FXI -8% for the last 6 months. 2 Comments [Global & FX]
Monday, July 9, 2012, 7:16 AM Chinese shares had their worst day in a month, -2.4% as the sharp slowdown in inflation may portend something less than healthy about the economy. In addition to the CPI rate falling to 2.2%, producer prices fell 2.1% Y/Y. "A low inflation figure implies the economy is slowing down more than expected," says an analyst. Comment! [Global & FX]
Friday, July 6, 2012, 7:29 AM Shanghai bucks yesterday's worldwide sell-off, rising 1% following the (somewhat of a) surprise PBOC rate cut. Industrial companies and developers led the gains, but banks tumbled as part of the PBOC move included allowing lenders more room to compete with one another, likely cutting into the cozy relationships that allowed for easy banking profits. Comment! [Global & FX]
Thursday, July 5, 2012, 7:24 AM More on the PBOC: The bank's official statement (translated by Google). The PBOC also lowered the floor for lending to 70% of the benchmark rate from 80% before. The move is another slight lessening in state control over what banks may lend at. Maybe a welcome opening, but not necessarily great for bank profits in the short run. If you own most Chinese ETFs, you own the banks. Comment! [Global & FX]
Tuesday, July 3, 2012, 2:54 PM The most popular China ETF, FXI, is a play on a handful of the country's mega-cap state-owned businesses, with the big 4 banks making up 25% of the weighting. Still top-heavy with mega-caps, GXC and YAO hold a wider variety of stocks. Want to get completely away from the biggest firms? Try the small cap (HAO) or Consumer (CHIQ) ETFs. Comment! [Global & FX]
Friday, June 29, 2012, 7:32 AM Chinese industrial profits fell 5.3% Y/Y in May vs. a 2.2% drop in April. For the year's first 5 months profits declined 2.4% from the same period in 2011 (is it okay now to drop the canard that weak Chinese numbers are the result of the New Year holiday). Shanghai last night rallied with the rest of the world, +1.4%. Comment! [Global & FX]
Thursday, June 28, 2012, 6:50 AM Shanghai declines 1%, the 7th consecutive loss, and erasing the Index's gains for 2012. Along with the decline seems to be a lack of interest. Volume at the Shanghai exchange today was just 41% of the 2012 average, and investors opened the fewest trading accounts over the past 30 days on record, according to Bloomberg (data goes back to 2007). 1 Comment [Global & FX]