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iShares MSCI Hong Kong ETF (EWH)

- NYSEARCA
  • Sep. 22, 2014, 7:18 AM
    | 1 Comment
  • Sep. 18, 2014, 10:37 AM
    • Signaling growing concern over the slowing economy, the PBOC overnight cut the 14-day repurchase rate by 20 basis points to 3.5%. This follows the previous day's $81B cash injection into the nation's 5-largest banks.
    • "This is a significant policy signal," says Liu Dongliang from China Merchants Bank. "The chances of a benchmark interest rate cut are rising because the central bank is clearly guiding interbank rates lower now."
    • The latest sign of the economic slowdown was a report last night showing property prices sliding for a fourth straight month.
    • Shanghai was higher by 0.35% overnight, while the Hang Seng fell 0.85%.
    • ETFs: FXI, EWH, PGJ, GXC, YINN, FXP, YANG, MCHI, XPP, YAO, YXI, CHXF, CN, FCHI, FCA, FHK
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  • Sep. 16, 2014, 7:34 AM
    • A four-year low in foreign direct investment - which fell 14% Y/Y in August to $7.2B - makes for a convenient excuse for Shanghai's 1.8% decline overnight. Hong Kong fell 0.9%. Combined with the slow economic data is a continuing rush of IPOs which investors fear will suck up funds - eleven more were approved yesterday.
    • FDI's 14% drop in August follows June's 17% decline - it's the first back-to-back double-digit losses for the gauge since 2009.
    • FXI -0.3% premarket
    • ETFs: FXI, EWH, PGJ, GXC, YINN, FXP, ASHR, YANG, MCHI, PEK, XPP, YAO, YXI, CHXF, CN, EWHS, FCHI, FCA, CNXT, ASHS, CHNA, KBA, FHK
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  • Sep. 10, 2014, 8:28 AM
    • “There’s already a lot of money in the pool, and we can’t rely on monetary stimulus to spur economic growth,” said China Premier Li Keqiang overnight after the M2 money supply rose 12.8% in August, down from 13.5% in July. His comments, says one money manager, suggests the economy isn't in good shape, but that the government will be focusing on reform rather than short-term boosts.
    • The Hang Seng closed lower by 1.9%, while the Hang Seng China Index (H-Shares) dove 2.6%. The Shanghai Composite fell 0.4%. Prior to last night, the H-Shares had rallied 21% since mid-March.
    • ETFs: FXI, EWH, PGJ, GXC, YINN, FXP, YANG, MCHI, XPP, YAO, YXI, CHXF, CN, EWHS, FCHI, FCA, FHK
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  • Aug. 22, 2014, 11:57 AM
    • An estimated $1.4B, or 45% of portfolio inflow into emerging markets went into China - which represents only 20% of the MSCI Emerging Markets Index (ETF: EEM) - according to EPFR Global.
    • It's the 4th straight week of inflows for the country, and comes amid a 3rd quarter bull market, with FXI up 9%, MCHI up 8.4%, and EWH ahead 6.8%. The EEM rose just 2.8% and the iShares MSCI Asia ex-Japan ETF (NASDAQ:AAXJ) gained only 3.7%.
    • ETFs: FXI, PGJ, GXC, YINN, FXP, YANG, MCHI, XPP, YAO, YXI, CHXF, CN, FCA, ASHR, PEK, CHNA, KBA
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  • Aug. 18, 2014, 12:55 PM
    • Hong Kong street demonstrations against Beijing have become a regular occurrence, and there's evidence it's hurting the economy, with the Hong Kong government reporting this weekend reporting a quarterly decline in GDP and cutting its full-year forecast to 2-3% growth from 3-4%.
    • Teams from Detusche, Capital Economics, and BAML have also slashed estimates, with BAML noting slowing services exports and declining growth in visitors from the Mainland.
    • The business of Hong Kong is business though, and this weekend, tens of thousands of people took to the street to protest, not Beijing, but threats against the financial district by Occupy Central should 2017 elections not meet what it deems to be international standards.
    • EWH +0.3%
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  • Jul. 28, 2014, 8:04 AM
    • "Sentiment has turned in favor of growth and cheap valuations in the Chinese market," says a Hong Kong-based fund manager. Shanghai "has been lagging for a long time so [it's catching] up with world markets. The policy changes in China are favorable.”
    • Among the more recent measures are the cutting of reserve requirements, accelerated infrastructure spending, and loosened property curbs.
    • In Hong Kong, the Hang Seng rose for a fifth straight session, up 0.9% amid reports the so-called "through train" scheme - which would allow direct stock trading between Hong Kong and Shanghai - will launch in October.
    • ETFs: FXI, EWH, PGJ, GXC, FXP, YINN, ASHR, YANG, MCHI, PEK, XPP, YAO, YXI, CHXF, EWHS, CN, FCHI, FCA, CHNA, FHK, KBA, ASHS, CNXT
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  • Jul. 16, 2014, 11:06 AM
    • GDP rose 7.5% in Q2 from a year earlier, according to China's statistics bureau. Estimates were for 7.4% growth. On a sequential basis, GDP grew 2% vs. 1.8% forecast, and 1.5% in Q1. Industrial production grew 9.2% vs. forecasts for 9%, and retail sales increased 12.4% vs. 12.5% estimates. Fixed-asset investment increased 17.3% vs. forecasts for 17.2%.
    • ANZ Banking Group boosts their 2014 GDP estimate to 7.5% from 7.2%, but calls for continued monetary easing to help hit that number.
    • The statistics bureau also reported the value of June home sales as rising 33% from May, though the value for the year's first half fell 9.2% from the same period in 2013.
    • Stocks in Shanghai slipped 0.15% overnight, their first decline in four sessions.
    • ETFs: FXI, EWH, PGJ, GXC, KWEB, FXP, YINN, HAO, ASHR, CHIQ, YANG, TAO, CQQQ, CHIX, MCHI, QQQC, PEK, XPP, YAO, YXI, CHXX, CHXF, CHII, ECNS, CHIE, CHIM, EWHS, FCHI, CN, FCA, KFYP, CHNA, FHK, ASHS, KBA
    | 1 Comment
  • Jul. 7, 2014, 8:54 AM
    • "We reduce Hong Kong to underweight on concerns about negative news flow," says HSBC, worried the "Occupy Central" campaign will sour relations with China and hurt the economy.
    • The bank didn't elaborate further (it expects to release further details later this week), but HSBC earned more than half of its pre-tax profit from China and Hong Kong last year, and has come under some criticism along with Standard Chartered for pulling advertisements from Apple Daily - a move the paper's owned has said is politically motivated.
    • ETFs: EWH, EWHS, FCHI, FHK
    | 1 Comment
  • Jul. 2, 2014, 10:37 AM
    • The Hong Kong monetary authority for the first time since 2012 stepped in to defend its peg the U.S. dollar, buying $2.1B in greenbacks at HK$7.75, the upper limit of the convertibility range.
    • "Demand for the Hong Kong dollar increased lately,” says the central bank, citing “commercial activities, including merger and acquisition activities and dividend distribution."
    • The peg is under (revaluation) pressure amid an improved growth outlook for China and emerging markets in general. Old hands will remember that a bet on a revaluation of the Hong Kong dollar was a favored play of Bill Ackman's three years ago (and may still be as Ackman called for a dropping of the peg by 2015).
    • The Hang Seng gained 1.55% overnight. EWH +1.7%
    | 1 Comment
  • Jun. 26, 2014, 11:00 AM
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  • Jun. 23, 2014, 7:37 AM
    • The HSBC flash PMI for June rises to 50.8 from May's final read of 49.4. Expectations for the print were 49.7.
    • Both JPMorgan and Barclays boosted estimates for Q2 GDP growth after the number, JPMorgan to 7.2% from 6.8% and Barclays to 7.4% from 7.2%.
    • “It is a very good number,” says Credit Suisse's Dong Tao. “It is a surprise, too, as most people are focusing on infrastructure investment and the property market.” He nevertheless leaves his Q2 GDP growth forecast at 7.3%
    • Stocks were not buoyed by the news as Shanghai slipped 0.1% and Hong Kong 1.7%.
    • ETFs: FXI, EWH, PGJ, GXC, FXP, YINN, ASHR, YANG, MCHI, PEK, XPP, YAO, YXI, CHXX, CHXF, CHII, EWHS, FCHI, CN, FCA, KFYP, CHNA, FHK, KBA
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  • Jun. 23, 2014, 7:14 AM
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  • Jun. 19, 2014, 10:44 AM
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  • Jun. 9, 2014, 8:30 AM
    • China's central bank on June 16 will cut the reserve ratio by 50 basis points for some banks focusing on lending to the rural sector and smaller companies, with the move also applying to financial leasing and auto financing firms.
    • The action follows a promise two months ago by the State Council to take action to boost economic growth.
    • In other news, land sales plunged in May, with 1,767 deals over 300 surveyed cities down 45% from a year ago and 19% from April. May is traditionally a big month for sales, but developers, says real estate website Soufun, are in "wait-and-see" mode.
    • Property developer stocks (TAO) slipped in Hong Kong (EWH) overnight, including Poly Property off 7.7%, Shimao Property down 4.3%, and Fantasia Holdings off 2.3%.
    • ETFs: FXI, PGJ, GXC, FXP, YINN, YANG, MCHI, XPP, YAO, YXI, CHXF, FCA, CN
    | 1 Comment
  • Jun. 2, 2014, 7:25 AM
    • The May PMI (official read) of 50.8 was just ahead of estimates for 50.7 and rose from April's 50.4. The HSBC PMI report is due on June 3, but the flash read last week came in at 49.7, also a 5-month high.
    • Shanghai closed marginally lower on the session, with Hong Kong (EWHgaining 0.3%.
    • ETFs: FXI, EWH, PGJ, GXC, FXP, YINN, ASHR, YANG, MCHI, PEK, XPP, YAO, YXI, CHXF, FCHI, FCA, CN, CHNA, FHK, KBA
    | 2 Comments
EWH vs. ETF Alternatives
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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