|Bid||37.50 x 3100|
|Ask||37.51 x 2900|
|Day's Range||37.40 - 37.57|
|52 Week Range||29.15 - 41.83|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-9.66%|
|Beta (5Y Monthly)||0.97|
|Expense Ratio (net)||0.59%|
The iShares MSCI Taiwan ETF (EWT) and the Franklin FTSE Taiwan ETF (FLTW) recently rallied following President Tsai Ing-wen's convincing reelection bid and while some market observers believe plenty of good news is priced into equities in the tech-heavy emerging market, they aren't writing off more upside for stocks this year. Taiwan’s markets could extend their rally if past moves after an election are any indication. Furthermore, the planned signing of an initial trade accord between China and the U.S. is also expected to further diminish global trade fears and add to Taiwan’s momentum.
Taiwan country-specific ETFs popped off on Monday after a landslide victory for President Tsai Ing-wen over the weekend. On Monday, the iShares MSCI Taiwan ETF (NYSEArca: EWT) increased 1.7% and Franklin ...
The major U.S. indexes were reeling on Tuesday following U.S. President Donald Trump saying he’s in no mad rush to make a trade deal with China, which caused the Dow Jones Industrial Average to fall over ...
Trade tensions between the U.S. and China are weighing on Taiwanese stocks as highlighted by a month-to-date decline of more than 3% for the iShares MSCI Taiwan ETF (EWT) . While EWT has struggled in recent weeks, there may be an opportunity with the largest Taiwan ETF. The $3 billion EWT, which tracks the MSCI Taiwan 25/50 Index and recently turned 19 years old, holds 89 stocks.
As China devalued its currency as a retaliatory move against Trump's fresh tariff threats, these asset classes and ETFs could be in the spotlight.
Taiwanese stock are often among the least volatile in the emerging markets space and the iShares MSCI Taiwan ETF (EWT) is up 13% year-to-date, but the global investors don't appear enthusiastic about the country's equity market. To some extent, Taiwan has been caught in the middle of the US/China trade spat, but EWT's performance indicates Taiwan is flexing its independence rather than siding with China as China would prefer. While Chinese President Xi Jinping supports the notion that China and Taiwan must stand together unified, the U.S., on the other hand, supports the country’s efforts to stay independent.
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.