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iShares MSCI Hong Kong ETF (EWH)

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  • Nov. 23, 2011, 11:52 AM
    Amidst ever-clearer signs its economy is rolling over, China is seeing a sharp rise in labor unrest, as something new - factory closures and salary cuts - combines with poor working conditions. Despite reports of labor shortages, one watcher says firms do not hesitate to pass on the effects of slowing orders to their workers.
    | 6 Comments
  • Nov. 17, 2011, 10:58 AM
    The meme that public housing projects would take up the slack for a struggling private building sector is given a blow by a housing ministry admission that one third of 10M reported "construction starts" are little more than holes in the ground. The news makes clear the reason for a divergence between rising "starts" and slowing cement and steel usage.
    | 1 Comment
  • Nov. 17, 2011, 10:35 AM
    The carnage in China's property developers spreads as Zoomlion - the country's 2nd largest maker of cranes and construction equipment - tanks 6.9% last night. "Demand for construction machinery has shrunk drastically and growth will no doubt continue to slow next year," says its chief.
    | 1 Comment
  • Nov. 14, 2011, 3:40 PM
    Sir Anthony Bolton - one of China's biggest bulls - who raised £430M in 2010 with which to back up his thesis, has his tail between his legs after a 15% loss last year and 32% so far this year. He's not throwing in the towel though, instead blaming the China "hard landing" chorus for destroying market sentiment there.
    | 1 Comment
  • Nov. 10, 2011, 8:35 AM
    A peek behind the Chinese trade figure shows even more weakness, as export growth - dropping to the lowest level in two years - is even slower when accounting for inflation and changes in exchange rates. Import growth also showed a sharp drop, and with the housing downturn promising to slow building, the outlook for future months wanes.
    | 1 Comment
  • Nov. 9, 2011, 10:16 AM
    "The task of promoting economic growth will gradually replace controlling inflation as top priority," says Standard Chartered economist Li Wei of China. Mr Li and others are encouraged by the clear slowdown in official inflation statistics, but expects easing to be at the margin rather than the hammer of interest or reserve ratio cuts.
    | Comment!
  • Nov. 9, 2011, 8:33 AM
    Hong Kong CEO Donald Tsang offers Bill Ackman some investment advice, telling him he's going to lose a lot of money betting on a revaluation of the HK dollar. The peg is a "very important underpinning to HK growth and monetary stability, and we are not going to change." One thing is certain, revaluations don't happen during recessions.
    | 1 Comment
  • Nov. 9, 2011, 7:25 AM
    "I am pessimistic about short-term global growth," says Hong Kong CEO Donald Tsang, admitting the city may have slipped into recession in Q3. He's projecting just 2% growth in 2012, against 5% this year and 7% in 2010. "Europe is going to affect everyone on earth and HK cannot be totally exempted."
    | Comment!
  • Nov. 8, 2011, 8:56 AM
    "Today's panic may be no more justified than yesterday's euphoria," writes Michael Pettis about worries of a hard landing in China. Beijing stands behind the banking system, so "as long as the government is credible, the banks will be solvent." Of more import, he writes, is a rebalancing of the economy away from investment and towards consumption.
    | 1 Comment
  • Nov. 7, 2011, 9:07 AM
    One macro worry - galloping Chinese inflation - may ease this week when that nation's CPI is released. The Bloomberg Daily Food Price Index tracks changes in China's inflation very closely, and Michael McDonough observes the series has plummeted over the past few weeks.
    | 1 Comment
  • Nov. 2, 2011, 7:17 AM
    Bucking yesterday's and last night's sea of red, shares in China and Hong Kong stage massive reversals to close sharply higher. There was no particular piece of news, but China - which sat out much of the October equity party - is up 8 of the last 9 sessions. Shanghai +1.4%, Hong Kong +1.9%.
    | Comment!
  • Nov. 1, 2011, 6:30 AM
    In China, residential real-estate prices fall for a second straight month, a sign Beijing's efforts to muzzle speculation are working. If buyers get jittery and sales drop, China's hottest industry could melt down, and burn the broader economy.
    | Comment!
  • Nov. 1, 2011, 12:20 AM
    Hong Kong real estate prices could fall 25-30% over the next two years, and that's the good news, write analysts at Barclays. In a "hard landing" scenario, prices could collapse 35-45%. The process may be under way, with transactions falling for 9 consecutive months and prices off 3% from June-August amidst rising mortgage rates and government policies aimed at cooling the property market.
    | 2 Comments
  • Oct. 31, 2011, 9:12 PM
    China's official October PMI falls to 50.4 from 51.2 previously and against expectations for 51.7. Japanese (-1%) and Australian (-2.2%) shares leg down a bit more and the aussie dives about 50 pips to $1.0507. S&P futures hit their low of the session, -0.7%.
    | 8 Comments
  • Oct. 28, 2011, 8:04 AM
    So-called China experts "were not talking about any landing 3 months ago, and now they are confidently talking about a soft landing," says Jim Chanos, nowhere near covering his shorts there. "The Chinese are beginning to realize that property prices can go down as well as up and this is going to be very, very troubling."
    | Comment!
  • Oct. 26, 2011, 7:27 AM
    Perhaps China's slowdown is as much to do with rising costs as much as monetary policy. China's minimum wage rose at a 21.7% pace in September - the latest in a string of double-digit increases that has caused the country to lose its low-cost edge and lose manufacturing jobs to other areas of Asia.
    | Comment!
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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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