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iShares MSCI China ETF (MCHI)

  • Nov. 20, 2012, 7:43 AM
    Shanghai's 0.4% decline to roughly a one-year low was led by a 3.2% fall in Ping An Insurance after word of HSBC's interest in selling its stake. A continuing slide in foreign direct investment seems to be at odds with reports of the economy's slowdown bottoming out.
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  • Nov. 16, 2012, 7:32 AM
    An attempted fall rally in Shanghai fails, with stocks tumbling back this month and the main index taking out new lows going back to 2009. Leading an overnight 0.8% decline is a 2% fall in Sinopec (SNP) after the government lowered fuel prices, surely no help to a refiner already likely refining at a loss.
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  • Nov. 13, 2012, 9:30 AM
    MSCI rolls out an index of the 50 largest China A-share companies as it moves to challenge FTSE, which already has such an index about to be used by iShares for an ETF. Currently, PEK - with $11.7M AUM - is the only U.S. listed ETF targeting China A-shares (which generally aren't allowed to be owned by foreigners).
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  • Nov. 13, 2012, 7:08 AM
    Shanghai tumbles 1.5% with chatter Beijing may expand a "trial" property tax a good excuse for selling property-related names. The ministry is on "high alert" for rising property transactions and prices, says housing chief Jiang Weixin. Hong Kong also slides, -1.1%.
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  • Nov. 9, 2012, 6:56 AM
    Off just 0.1%, Chinese shares fell for the 5th consecutive day, their longest losing streak in 4 months as the Communist Party continues to choose new leadership. Chinese stocks seem to have been falling forever, but if investors look up, they'll find one of the hotter world markets of late. The China SPDR (GXC) has pulled even with SPY 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. 22, 2012, 7:15 AM
    Shanghai erases an early decline following a big losses in the West on Friday, and closes +0.2%. One of the worst-performing major markets for some time, China has quietly put in a nice rally as the U.S. has stumbled over the past few weeks as investors look forward to November's power changeover and perhaps action from the new government. FXI +1.6% premarket.
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  • Oct. 19, 2012, 8:06 AM
    Fitch opines on the latest Chinese GDP figures, calling them in line with the "New Normal" growth rate. The agency questions the wisdom of newly announced stimulus projects - particularly the focus on railway infrastructure. "Railways are one of the most unproductive sectors in China ... These new measures could result in poor economic returns." You think?
  • Oct. 16, 2012, 1:16 PM
    With new leadership being appointed in November, expect government action putting an end to the economic slowdown in China and the bear market in the country's stocks, says Fortress' Adam Levinson. He's covered his shorts and is buying with the hope of adding to longs as the new leadership comes into view. FXI is already up 13.7% over the last 90 days.
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  • Oct. 11, 2012, 7:45 AM
    Leading a 0.8% decline in Shanghai overnight was a 3.3% fall in SAIC Motor - China's largest automaker - after the company reported sales unexpectedly shrinking for the first time in 8 months. Goldman Sachs piles on, saying Chinese copper and aluminum demand is set to plunge over the next 15 months.
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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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  • Oct. 8, 2012, 7:19 AM
    The Shanghai Composite fell 0.6% in its first action following a week-long holiday in China, bringing its YTD loss to about 13%. Nearing two years, the bear market has seen Shanghai shed 34% of its value. The Composite now trades at 11.3X earnings, its cheapest valuation since 1997, and well below that of fellow BRIC member Brazil at 18.8.
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  • Sep. 28, 2012, 7:10 AM
    Shanghai posts another big gain to close the quarter -  up 1.4%, which on top of yesterday's jump of 2.6%, narrows the index's quarterly loss to 6.3%. Wanting more state stimulus, the Chinese haven't figured out they must first sit on their hands as a PBOC adviser suggests the rebounding property market is holding Beijing back from further easing.
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  • Sep. 27, 2012, 7:20 AM
    Shanghai soars 2.6% overnight, with all of the gain coming after the Chinese Securities Regulatory Commission scheduled a press briefing at which hoped-for measures to support equities would be laid out. The early word is nothing of import - including an anticipated halt of IPOs - was announced.
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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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MCHI Description
The iShares MSCI China Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China Index.
See more details on sponsor's website
Country: China
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