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iShares MSCI Hong Kong ETF (EWH)

  • Dec. 14, 2011, 7:10 AM
    Shanghai A shares fell again last night, -0.9%, the 6th consecutive drop. Rumors had floated about of another reserve ratio cut and stocks steepened their slide late in the afternoon when that didn't materialize. Stocks are off more than 6% in the 2 weeks since China initially lowered the RRR, and are near a 3 year low.
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  • Dec. 14, 2011, 4:47 AM
    Gloom and doom among institutional investors: 44% expect at least one country to leave the eurozone, and a third believe that will happen by the end of next year. 70% foresee a further ratings downgrade for U.S. debt. Nearly all the money managers surveyed expect China to slow down.
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  • Dec. 14, 2011, 3:20 AM
    China's banking regulator postpones, indefinitely, new bank capital adequacy rules. Officials had earlier planned to implement rules even tougher than Basel III and to start phasing them in this January, but apparently had second thoughts in the face of slowing economic growth.
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  • Dec. 14, 2011, 3:00 AM
    Despite a "very grim" global outlook, China says it will keep trying to bring property prices down. In a statement, leaders committed to pursue "basically stable" consumer prices and to “unswervingly&rd... implement real-estate curbs, while simultaneously seeking "steady and relatively fast growth." (China's property bubble)
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  • Dec. 13, 2011, 11:04 AM
    Mike Riddell returns from a trip to Asia with video diary actually feeling a bit better about Chinese property where he says there is no evidence of a bubble in the tier 2 and tier 3 cities. One story we may start hearing more about is Asian reliance on trade finance provided by European banks who are certain to be pulling back from the business as they deleverage.
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  • Dec. 13, 2011, 9:47 AM
    Shanghai fell another 1.9% last night as the A share index hits lows not seen since March 2009. Anything related to construction or real estate led the declines as Sofun holdings reports housing transactions declining in 27 out of 35 tracked cities, with some burgs seeing falloffs of more than 60%.
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  • Dec. 12, 2011, 3:16 PM
    Renminbi deposits in Hong Kong fall for the first time in 2 years in October as ideas the yuan is no longer a one-way bet softens enthusiasm for holding the currency. Forward contracts - away from the "deadening hand" of the PBOC - imply a 1% depreciation in the yuan's value vs. an expected 5% appreciation just 3 months ago.
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  • Dec. 9, 2011, 7:45 AM
    Shanghai closed lower again last night, the A share index off 0.6% despite economic data (industrial orders, cpi) that will do nothing to dissuade Beijing from continuing to loosen monetary policy. At 2,426, the index is at a 3 year low.
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  • Dec. 9, 2011, 4:48 AM
    China November industrial output +12.4% Y/Y (+12.8% forecast) vs. +13.2% in October, with the Nov. figure the slowest growth since August 2009. Retail sales +17.3% Y/Y (16.9% forecast) vs. +17.2%.
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  • Dec. 8, 2011, 12:37 PM
    "I always argued that the quality of Chinese growth matters more than quantity," tweets Vitaliy Katsenelson on reading a story about the demolition of a Chinese luxury high rise because it began to lean just months after completion. What does Katsenelson know? It will have to be rebuilt - bullish for copper!
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  • Dec. 8, 2011, 11:35 AM
    "Not even in Japan, during its lost decades, did real GDP decline for 6 consecutive quarters," say Citigroup economists who are predicting just that for the eurozone. It's another in a line of bleak forecasts from Citi, whose chief economist, Willem Buiter, is a top table-pounder for the ECB to print the troubles away.
  • Dec. 8, 2011, 6:24 AM
    Banks are reluctant to lend, so cash-rich Chinese firms are stepping in to fill the void, loaning money to local businesses and turning quite a profit in the process. The problem is that weakness in the economy, or a burst property bubble, could cause a domino effect of defaults, damaging not just China's shadow financing system but the country's overall growth.
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  • Dec. 7, 2011, 10:43 AM
    "If you ever wondered how the Chinese can slap together an infrastructure so fast, here's your answer: It literally slaps it together," writes Janet Tavakoli, defusing a few myths about China's unstoppable ascent. To time the crash, look for a marked increase in official "holidays" offshore - a signal of embezzled wealth fleeing the country. (pdf)
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  • Dec. 7, 2011, 7:41 AM
    Expect another drop in China's foreign exchange reserves in December, says Li Yang, formerly an adviser to the PBOC. "(They) started to decline from the end of September ... and as of now this month, are basically falling every day." It's been suspected the cut in China's RRR last week was in response to capital exiting the country.
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  • Dec. 7, 2011, 7:15 AM
    Now factoring in an EU recession, Barclays cuts its 2012 GDP growth forecast for China to 8.1% from 8.4%, with growth slowing to 7.8% in Q1 before picking up later in the year. The group also sees inflation, currently tripping along near 6%, sharply dropping to 3.2%.
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  • Dec. 6, 2011, 5:02 PM
    "The rating agencies are getting this one really wrong," says Jim Chanos, curious as to why the U.S. and Europe face downgrades while China and its banking sector get a pass. Profitably short "anyone involved in the China real estate boom" - from Mainland banks and developers to Australia's miners - Chanos believes the crash is upon us.
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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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