35.66 -0.24 (-0.67%)
After hours: 4:43PM EDT
|Bid||35.47 x 41800|
|Ask||36.56 x 27000|
|Day's Range||35.57 - 35.88|
|52 Week Range||30.22 - 38.27|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.89|
|Expense Ratio (net)||0.59%|
The imposition of hefty tariffs on certain steel imports from Vietnam puts certain ETFs with exposure to a few Southeast Asian nations in focus.
Australia’s S&P ASX 200 was the best-performing index in the Asia-Pacific region on July 3. The index gained 0.59% on the day to end near its 12-year high at 6,685.5.
India’s two key indexes, the NSE Nifty 50 and the S&P BSE Sensex, broke their losing streak even as most Asia-Pacific indexes ended in the red. The S&P BSE Sensex gained 0.8%, while the NSE Nifty 50 rose 0.83%. Both the indexes maintained upward momentum throughout the day.
Bearish crossovers between long-term moving averages on ETFs that track key emerging markets suggest that the uptrend could be over.
Asian Markets Turn Bearish as China Says It's Not Afraid to Fight(Continued from Prior Part)Indian indexesAfter rising yesterday, both the key Indian indexes fell today. The S&P BSE Sensex retreated by 0.48% to end the day at 39,756.81. The
The U.S.-China trade impasse could put Taiwan into the forefront, according to Zhiqun Zhu, a professor of political science and international relations at Bucknell University. Zhu said Taiwan could be used as a major "chess piece" for the U.S. in ongoing trade negotiations, which could put the iShares MSCI Taiwan ETF (EWT) in play. “Taiwan’s value to the U.S. will only increase as tensions between the U.S. and China escalate,” Zhu told CNBC.
Most Asian Indexes Gain as Trump Concludes Japan TripHong Kong’s Hang Seng gainsHong Kong’s Hang Seng followed China’s lead today. The index gained 0.38% to end at 27,390.81. Yesterday, however, the index diverged from the mainland indexes.
Emerging Asia: Chinese Indexes Recover, Indian Indexes Shed Gains(Continued from Prior Part)Indian indexesAfter skyrocketing on May 20, Indian indexes shed some mass on May 21. The benchmark BSE Sensex dropped 383 points (0.97%) to end the day at
Emerging Asia: Chinese Indexes Drop, India Gains on May 20(Continued from Prior Part)Voting ends, exit polls outAfter almost six weeks and seven phases, voting for the next government in India ended on May 18. The exit polls came out on the same
Chinese Indexes Fall while Indian Indexes Rise Today(Continued from Prior Part)Value buying lifts the indexesIndian indexes, which are having turbulent times like other world indexes, rose on value-buying opportunities today. The S&P BSE Sensex
As ASX 200 Advances on Rate Cut Hopes, Indian Indexes Also Gain(Continued from Prior Part)Afternoon surgeBoth the S&P BSE SENSEX and the NIFTY 50 surged in the afternoon of May 16 to end up in the green. The SENSEX posted a 0.75% gain to end up
Most APAC Markets Recover on US Optimism, China's Stimulus Hopes(Continued from Prior Part)Indian indexes fallDefying the trend in Asian Indexes on May 15, the NIFTY 50 and S&P CNX NIFTY both fell. The NIFTY 50 dropped 65 points, or 0.58%, to
May 13 Update: Inconclusive Trade Talks Take Asian Stocks Down(Continued from Prior Part)SENSEX and NIFTYLate selling pressure dragged both the S&P BSE Sensex and the NIFTY 50 down on May 13. The NIFTY 50 closed with a fall of 1.16% at
May 9 Asia-Pacific Update: All Eyes on Renewed Trade Talks(Continued from Prior Part)Australia and New Zealand gainAustralia’s S&P/ASX 200 was the bright spot in the Asia-Pacific markets on May 9. The index reversed its previous day’s loss
President Trump has once again threatened to raise tariffs on Chinese goods. The renewed trade tensions put these ETF areas in focus.
In October 2017, the TFTC (Taiwan Fair Trade Commission) fined Qualcomm (QCOM) $774 million for antitrust violations. The Taiwan (EWT) FTC stated that Qualcomm did not license its modem technology to other industry players. Qualcomm appealed the fine’s amount and the calculation method, as it did not justify the revenue it had earned from Taiwan.
As the U.S. and China duke it out over the ongoing trade war disputes, other Asian economies and country-specific ETFs could benefit from the side. Some researchers argue that countries exporting similar products that compete with China could end up as beneficiaries in the trade war between the U.S. and China, the Wall Street Journal reports. For example, Bank of America Merrill Lynch economists predict Taiwan, Vietnam and South Korea have the most to gain, given the countries' similar export profiles to China.
Broadly speaking, emerging markets funds are getting slammed this year. The widely followed MSCI Emerging Markets Index, which serves as the benchmark for a slew of active and passive emerging markets funds, is down nearly 15% year-to-date.
China (FXI) is the global manufacturing hub of semiconductor and consumer electronics. The US tariffs would make goods manufactured in China expensive for US companies, encouraging them to move their operations or supply chains away from China. According to DRAMeXchange, 40% of the global server demand comes from North America as big cloud companies like Google and Amazon order in bulk.
The technology industry faced a GPU (graphics processing unit) supply shortage in Q1 2018 as crypto miners gobbled up inventory. After recovering from this shortage, the industry was hit with a CPU (central processing unit) supply shortage. Intel (INTC), the world’s largest CPU maker, has been unable to meet the unexpected growth in CPU demand.
As talks of trade war and other geopolitical factors have dominated headlines over the past several months, it has been natural for most North American investors focus their efforts on allocating capital domestically. In the paragraphs below, we'll take a look at the charts of three international exchange-traded funds (ETFs) that could be worth a closer look as we head into the final quarter of 2018. Despite the recent news that Swiss-based Novartis AG ( NVS) is laying off 2,000 employees, Switzerland is continuing its role as a hotbed for foreign investment, and on the chart of the iShares MSCI Switzerland Capped ETF ( EWL), the price has recently been able to close above the long-term resistance of its 200-day moving average.
Apple (AAPL) is adding more Asian suppliers to strengthen its negotiating power with suppliers. As we discussed in the previous article, it recently replaced some of its Taiwanese (EWT) suppliers with Chinese (FXI) suppliers to reduce production costs. In a September 5 letter to Robert Lighthizer, the United States Trade Representative, Apple CEO Tim Cook stated that the proposed tariffs would increase the prices of a wide range of Apple products such as Apple Watch, AirPods, Mac mini, and adapters and chargers for several products.