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iShares MSCI Hong Kong ETF (EWH)

  • Oct. 29, 2012, 7:14 AM
    Hong Kong property shares tumbled - the Hang Seng property index -3.7% - after the government imposed a tax on overseas homebuyers to try and cool the real estate market. "Some worry if these measures work, they'll hurt property sales ... if they don't work, it'll prompt more measures," says an analyst. TAO +40.8% YTD.
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  • Oct. 26, 2012, 7:27 AM
    Shanghai (-1.7%) suffers its biggest decline in weeks, hit by a string of poor earnings reports. Baotou Rare-Earth -7% as it cuts output amidst declines in rare-earth prices. (MCP -1.2% premarket). Maanshan Steel -4.4% after posting a loss that doubled consensus estimates. The country's largest maker of flat panel TVs - Hisense Electric - down 10%, hit by the mix of higher panel costs and lower finished product prices.
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  • Oct. 24, 2012, 8:50 AM
    With surging foreign capital inflows forcing the central bank to print money to keep the currency from busting out of its peg, Hong Kong stocks begin to draw investor interest. The inflows, says Dariusz Kowalczyk, signal the realization the Chinese slowdown may be old news and shares are cheap. EWH +2.3% premarket.
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  • Oct. 23, 2012, 7:19 AM
    Hong Kong is forced to buy greenbacks for the 2nd time in a week as the HKD bumps against the top of its trading band vs. the U.S. currency. With what does it buy these greenbacks? Freshly minted Hong Kong dollars. The stock market gives a thumbs up, continuing a big 5 month rally, +0.7%.
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  • Oct. 21, 2012, 8:09 AM
    Hong Kong's central bank was forced Friday to intervene in the FX market for the first time in years, selling HKD after it hit HK$7.75, the top of its trading band against the greenback. The HKD's strength again gives rise to chatter the famous peg might be abandoned. Bill Ackman's bet on such is one year old, going on two. Hong Kong shares (EWH +17.8% YTD) are among the best performers in Asia this year.
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  • Oct. 9, 2012, 6:54 AM
    Among the movers in Shanghai's 2% rise last night was Industrial & Commercial Bank of China (IDCBY.PK) - the world's largest by market cap - rising 1.3% after state-owned Central Huijin Investment upped its stake in the lender to 35.43%. Securities firms were the outsized gainers amidst chatter of more steps to direct the country's savings into equities.
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  • Sep. 20, 2012, 10:46 AM
    The size of the PBOC's balance sheet is shrinking ... rapidly. Far from being a conscious decision to tighten monetary policy, the shrinkage has more to with capital flows. To fix the price of the yuan, the PBOC is forced to print as money flows into the country, but must sell securities as capital reverses. The policy means the PBOC has a very large stimulus bullet in its chamber - letting the yuan go.
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  • Sep. 20, 2012, 7:40 AM
    "As a Western investor, I would take issue with any corporate accounting in China," Jim Chanos tells CNBC. "I wouldn't trust any company's accounting in  China." Corporate profits there are imploding, he says, and now the country has to deal with capital flight. Doing "just fine" with his shorts, Chanos says he's done some covering of late.
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  • Sep. 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%.
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  • Sep. 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%.
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  • Sep. 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%.
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  • Sep. 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%.
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  • Aug. 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%.
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  • Aug. 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.
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  • Jul. 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%.
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  • Jul. 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.
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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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