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iShares MSCI Hong Kong ETF (EWH)

  • Jun. 26, 2013, 7:14 AM
    Markets look to add to yesterday's rally, with S&P 500 (SPY) futures +0.4% and Nasdaq 100 (QQQ) +0.6%. China fell 0.4% overnight, but Hong Kong (EWH) posted a 2.4% rally and Europe is higher by about 2%. Treasurys are cooperating, the 10-year yield dipping 1 bp to 2.58%.
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  • Jun. 25, 2013, 3:03 AM
    Chinese (FXI) and Hong Kong shares recover smartly from an earlier pounding on rumors of a press conference in which the PBOC will raise the white flag to China's "feral hogs." However, as Zerohedge points out, the party mouthpiece, the "China Daily," wrote an oped today saying that the sell-off in shares demonstrates that the government is prepared to continue its painful but necessary reforms. China -0.5%, Hong Kong (EWH) +0.5%.
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  • Jun. 24, 2013, 11:55 PM
    The Shanghai Composite (FXI, CAF) tumbles again, off another 3.8% in late morning trade, bringing its loss over the last session and a half to about 9%. The Hang Seng (EWH) is lower by 1.1%. Elsewhere in the region - Japan, South Korea, Australia - shares are marginally higher. S&P 500 futures -0.25%.
  • Jun. 24, 2013, 8:07 AM
    The Hong Kong banking system gets a downgrade from Moody's which lowers the outlook on 8 banks to negative from stable and one bank to stable from positive. Noted are concerns over persistent negative real intrest rates, the resultant property bubble, and growing exposure to Mainland China. EWH -1.8% premarket.
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  • Jun. 24, 2013, 4:37 AM
    The focus of stock-market angst in Asia has turned from Japan to China, where shares (FXI) slumped 5.3% on continued fears about the cash crunch in the banking sector, as well as about the ending of the Fed's QE policy. While the PBOC stepped in on Friday to ease liquidity, today it said there's enough money in the markets. Elsewhere in the region, Japan -1.3%, Hong Kong (EWH) -2.2%, India -1.1%.
  • Jun. 14, 2013, 4:25 AM
    Asian stocks fall sharply and then recover some but not all of their losses a day or so later. That seems to have been a recurring pattern over the past few weeks since the great global sell-off began and the past couple of days have been no different. Shares bounced back today, helped by decent retail sales data in the U.S. yesterday and a report that the Fed's QE tapering will be so gentle you won't even feel it. Japan (DXJ) +1.9%, Hong Kong (EWH) +0.4%, China (FXI) +0.6%, India (INDY) +1.5%, Australia (EWA) +2%, Philippines (EPHE) +2.1%, Thailand (THD) +3.6%.
  • Jun. 13, 2013, 3:03 AM
    It's not only Japanese shares that are suffering, the rest of Asia is too. China (FXI) sinks 2.9% after a three-day holiday, with today being the first session following disappointing economic data at the weekend. Hong Kong (EWH) is -2.9%, while the sell-off in emerging markets continues as the Philippines drops 5.7% and Thailand 5.5%.
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  • Jun. 7, 2013, 4:08 AM
    Asian markets fall as investors position themselves for weak U.S. payroll figures today and for Chinese economic data over the weekend. Japanese shares (NKY) enjoy another roller coaster day but end a mere -0.2%, while the dollar-yen is -0.4% as the Japanese currency continues to strengthen. In China, stocks (FXI, CAF) drop for a seventh day in a row amid fears about economic growth and tightening liquidity, while Hong Kong's (EWH) fall of -1.3% puts it in and around correction territory. India +0.5%.
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  • Jun. 2, 2013, 9:56 PM
    China's HSBC PMI for May falls a bit more than the "flash" read tipped off 10 days ago, coming in at 49.2 from 50.4 (flash came in at 49.6). The downward revision "suggests a marginal weakening of activities toward the end of May, thanks to deteriorating domestic demand conditions," says HSBC. "Beijing needs to boost domestic demand." Reaction is muted: Shanghai (FXI, CAF) +0.2% and Hong Kong (EWH) +0.6% in early trade. The aussie (FXA) knee-jerks down a few pips, but is +0.4% on the session at $0.9618.
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  • May. 7, 2013, 10:16 PM
    What global slowdown? Chinese April exports rose 14.7% Y/Y vs. 8.6% expected. Imports gained 16.8% vs. 11.6% expected. The trade surplus clocked in at $18.16B. Bloomberg's Adam Johnson: "Imports AND exports better than forecast; 18 hours ago German factory orders better and U.S. job postings up ... Connect the dots." Shanghai (FXI, CAF) +0.7%, Hong Kong (EWH) +0.8%.
  • Apr. 22, 2013, 11:08 PM
    China's flash HSBC PMI  for April slides to 50.5, missing expectations by a full point and against March's read of 51.6. "New export  orders contracted after a temporary rebound in March, suggesting external demand for China's exporters remain weak," says HSBC. "Weaker overall demand has also started to weigh on employment in the manufacturing sector." Shanghai (FXI, CAF) is off 1.5 in early trade. Hong Kong (EWH) -0.9%.
  • Apr. 22, 2013, 3:44 PM
    Hong Kong home prices could fall up to 25%, according to Sanford Bernstein, after the government stepped up efforts to curb the bubbly market. In early returns, home prices fell 1.4% in the week ended April 14, the 4th consecutive decline and the biggest drop since 2010. Developer shares make up a nice portion of the EWH, +2.6% YTD.
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  • Apr. 14, 2013, 11:01 PM
    Chinese Q1 GDP growth disappoints, rising 7.7% Y/Y vs. 8% expected, and slowing from 7.9% in Q4. March industrial production misses expectations of 10% growth, rising just 8.9%. Retail sales, however, beats forecasts, rising 12.6% vs. 12.3% expected. Asia's taking a bit of a tumble, Shanghai -0.6%, and the Hang Seng -1.6%. The aussie (FXA) slides 0.6% to $1.0463.
  • Apr. 5, 2013, 4:02 AM
    While Japanese shares rose, stocks in the rest of Asia suffered ahead of U.S. nonfarm payroll data and after weekly jobless claims disappointed yesterday. Hong Kong equities fell sharply amid reports of deaths from avian flu, with airline stocks particularly affected. South Korean shares again dropped as North Korea continued with its brinkmanship, while the weak yen hurt auto shares. Hong Kong -2.6%, China closed, India -0.1%, South Korea -1.6%.
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  • Mar. 22, 2013, 9:02 AM
    Mortgage rates are rising in Hong Kong and it could lead to a 20% drop in property prices over the next 2 years, according to Deutsche Bank. On top of higher rates are government efforts at curbing real estate. Developers are responding - cutting prices along with sales and earnings projections. EWH flat YTD.
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  • Mar. 4, 2013, 6:51 AM
    Shanghai plunges 3.7% after the government further cranks up property tightening measures, with a gauge of property developers falling 9.3%. "When there are new rules like these, it extends far beyond property shares," says an analyst. Industrial Bank -9.1%. FXI -1.8% premarket. Losses extend to Hong Kong, EWH -0.7% premarket, and the States, SPY -0.5%.
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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.
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Country: Hong Kong
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