|Bid||29.80 x 100|
|Ask||30.37 x 200|
|Day's Range||29.92 - 30.02|
|52 Week Range||23.44 - 30.41|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.67%|
There is a lot of navel gazing going on today, the anniversary of the 1987 U.S. stock market crash, when there ought to be more discussion of China’s slowing GDP. It’s true that the downdraft of real gross domestic product in the third quarter was small, to 6.8 percent from 6.9 percent in the second and first quarters. The iShares MSCI China Large-Cap exchange-traded fund (FXI) was down 2.2% in early trading, while the Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) slipped 1.1% as did the iShares MSCI Emerging Markets ETF (EEM).
Debt is a big cloud over China, and deleveraging after the big Party Congress next week could destabilize markets. Despite a likely acceleration in deleveraging, and the Communist Party's role in the economy, "pain should be manageable, Societe Generale Asia strategists Frank Benzimra, Rajat Agarwal and Makhdoom Muteeb Raina write. Strategically, all depends on the institutional reform agenda, where we do not anticipate much improvement.
Amazing: China has enough money to buy Venezuela in cash, and would still have enough sitting in reserves to rival Brazil and Russia's economies combined.
Asian shares were mixed after Wall Street edged down as markets continued to digest the Fed's signal Wednesday that hikes were on the cards.
Asia markets gained on fading concerns over the damage of Hurricane Irma and as Korean Peninsula tensions took a backseat.
August data just data just released show that China's economy is on a reflationary path. Measures of consumer prices and producer input costs - CPI and PPI - beat expectations overall by "some" ...
Asian stocks rallied and the dollar clawed back losses, while investors digested headlines on developments out of the PBOC and ECB.