FXI - iShares China Large-Cap ETF
| Previous Close | 42.79 |
| Open | 43.40 |
| Bid | 0.00 x 2900 |
| Ask | 0.00 x 3000 |
| Day's Range | 43.12 - 43.44 |
| 52 Week Range | 39.82 - 54.00 |
| Volume | 51,637,751 |
| Avg. Volume | 26,867,014 |
| Net Assets | 4.73B |
| NAV | 42.48 |
| PE Ratio (TTM) | N/A |
| Yield | 3.52% |
| YTD Return | -6.95% |
| Beta (3y) | 1.34 |
| Expense Ratio (net) | 0.74% |
| Inception Date | 2004-10-05 |
Market Realist•2 days agoThe US–China Trade War Impacts Apple
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.
Market Realist•2 days agoTaiwanese Apple Suppliers Concerned about High iPhone Prices
Apple (AAPL) launched its most expensive iPhones to date with the premium iPhone XS Max reaching $1,449 plus tax. Citing industry sources, DigiTimes stated that lower-than-expected sales of the iPhone XS and iPhone XS Max due to high prices could significantly impact the fourth-quarter earnings of Apple’s iPhone assembly partners Foxconn Electronics and Pegatron.
- Market Realist•3 days ago
Does China Have Enough Ammunition to Take on US Tariffs?
Recently, Alibaba’s (BABA) Jack Ma said that the US-China trade war could last for decades. In this part, we’ll see where China stands in the US-China trade war. First, we’ll discuss how China could retaliate against the US (QQQ).
Market Realist•3 days agoPresident Trump’s Latest Tariffs Didn’t Move the Needle Much
Have President Trump’s Tactics Started to Yield Results? President Trump announced 10% tariffs on another $200 billion of Chinese goods earlier this week. Meanwhile, China has ruled out currency devaluation amid its trade war with the US.
Market Realist•3 days agoTrade War Risk Worries Fund Managers: Should You Be Concerned?
While fund managers are bullish on US equities (SPY) (VTI), there’s still concern in the market. In the BAML (Bank of America Merrill Lynch) September 2018 survey, trade war concerns were cited as the top concern among global fund managers for five of the past seven months. About 43% of the fund managers surveyed cited a trade war as their top tail risk.
Market Realist•3 days agoContrarian Investors’ Positions after BAML Survey
A record number of fund managers in the BAML (Bank of America Merrill Lynch) September survey believe that gold (IAU) is undervalued, trading at a 17-year low. The SPDR Gold Trust ETF (GLD) has fallen ~8.5% year-to-date and ~13% from its April peak. It’s usually considered a safe-haven asset in which investors take refuge in the event of uncertainty and risk. However, gold has not been able to draw safe-haven bids so far in 2018 since the strong US dollar (UUP) keeps weighing it down.
Market Realist•4 days agoWhy Fitbit Shares Gained 6.5% Yesterday
Shares of wearables company Fitbit (FIT) rose 6.5% on September 18. The stock is currently trading at $5.80, 29% above its 52-week low of $4.51 and 25% below its 52-week high of $7.79. The stock rose after a Bloomberg report stated that smartwatches would not be part of the $200 billion worth of Chinese imports affected by the latest round of US tariffs.
Market Realist•4 days agoWhy Ray Dalio Thinks China Isn’t Concerned about Tariff Levels
Which Sectors Are Worried about Rising US–China Trade Tensions? Ray Dalio, the billionaire founder of world’s largest hedge fund, Bridgewater Associates, noted on September 10 that China (FXI) isn’t really concerned about the import tariffs imposed and proposed by the US (SPY)(IVV). During his interview on Squawk Box, he added that China is more focused on its ongoing relationship with the United States.
- Barrons.com•4 days ago
Why Tariffs Aren’t Scaring the Stock Market
A trade war remains the No. 1 “tail risk” among institutional investors polled in the latest Bank of America Merrill Lynch fund manager survey—but that’s down from a month ago.
- Benzinga•4 days ago
US, China Announce New Tariffs: Wall Street Reacts
The big story on Wall Street in 2018 has been an international trade war, which ramped up this week after President Donald Trump said Monday that he will slap 10-percent tariffs on an additional $200 billion in Chinese imports starting Sept. 24. U.S. investors have mostly shrugged off the trade war up to this point, and the S&P 500 traded higher by another 0.4 percent percent Tuesday. The latest round of tariffs by the U.S. and China may have been on the mild side compared to expectations.
- MarketWatch•4 days ago
Charting a bull-flag breakout attempt: Dow industrials challenge seven-month highs
Technically speaking, the Dow Jones Industrial Average is rattling the cage on a breakout, while the comparably softer Nasdaq Composite has narrowly maintained key trendline support, writes Michael Ashbaugh.
Market Realist•4 days agoTrade Tensions Refuse to Die Down: All You Need to Know
The trade war intensified again yesterday as President Donald Trump announced that the United States (SPY) (IVV) would impose tariffs on $200 billion worth of Chinese goods starting on September 24. Previously, the United States imposed tariffs on $50 billion worth of Chinese goods, and China retaliated in kind. Trump is also mulling over whether to impose tariffs on $267 billion worth of additional Chinese products.
Market Realist•5 days agoWhy Trade Tariffs Could Strengthen China Globally
Which Sectors Are Worried about Rising US–China Trade Tensions? Are there unintended consequences to the trade war? CLSA’s head of economic research, Eric Fishwick, believes that the trade war between the US (SPY) (DIA) and China (FXI) could inadvertently encourage China to build its political and economic influence.
Market Realist•5 days agoTrade War Gets Ugly as President Trump Ups the Ante
Yesterday, President Trump imposed a 10% tariff on $200 billion worth of goods from China. For now, tariffs don’t yet cover Apple (AAPL) smartwatches and some other consumer products. While the tariffs are a somewhat toned-down version of what Trump previously threatened, they have nevertheless hurt sentiments. Trump also warned China that “we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports” if the country retaliated against the tariffs. China has previously retaliated against US tariffs with tit-for-tat measures.
Market Realist•5 days agoJD.com Continues to Decline in September
China’s (FXI) Internet giant JD.com (JD) fell 5.1% on September 17. The stock is currently trading at $25.73, which is 1.6% above its 52-week low of $25.33 and 49% below its 52-week high of $50.68.
Market Realist•5 days agoA Look at Trump’s Tough Trade Stance on China
Which Sectors Are Worried about Rising US–China Trade Tensions? President Trump is taking a tough stance against China (FXI) on trade tariffs and other concessions for access to its markets. China’s major stock indexes have plunged ~25.0% from their highs this year, and its economic growth is also feeling pressure from these escalating trade tensions.
- Market Realist•5 days ago
Could Trade Tension Support the US Dollar Again?
The US dollar (UUP) made a comeback on September 14 after reports suggested that Donald Trump is planning to impose tariffs on Chinese goods worth $200 billion, despite trade talks. The US dollar has benefited significantly from safe-haven bids due to escalating trade tension, especially between the United States and China (FXI).
- Market Realist•5 days ago
Are Markets Not Adequately Pricing in Trade War Risks?
While the Trump Administration has gone ahead with tariffs on China and threatened to impose tariffs on all of China’s (FXI) imports, US equity markets are still hovering near all-time highs. Are markets getting complacent about the trade war risks? First, pricing in the risks of a trade war is difficult.
Market Realist•5 days agoUS-China Trade Threats Continue to Escalate
On September 14, according to Bloomberg, Donald Trump indicated that he wants to move ahead with tariffs on $200 billion in Chinese imports despite his administration’s attempts to resume trade talks with China. Markets are worried about the next round of tariffs, as these could seriously escalate tension between the world’s two largest economies.
Market Realist•6 days agoTrade War Could Trigger the Next Recession
Lehman Brothers collapsed a decade ago. Since then, global markets have recouped their losses and equity markets have risen above their 2007–2008 highs. Broader markets have been hitting fresh highs this year. The PowerShares QQQ ETF (QQQ) has risen 18.6% for the year based on the closing prices on September 14. Two US companies hit the coveted market capitalization of $1 trillion this year. While Apple (AAPL) is still holding onto that feat, Amazon (AMZN) pared its gains after momentarily exceeding a market capitalization of $1 trillion.
- ETF Trends•8 days ago
Doubling Down on China with ‘CWEB’ ETF
Trade wars have been a major market mover for Chinese equities and if investors can look past the news headlines to zero in on value, China-focused ETFs like the Direxion Daily CSI China Internet Index Bull 2X Shares (CWEB) could be a double-down play as the shift from U.S. equities becomes more apparent heading deeper into the late market cycle. CWEB seeks the daily investment results equal to 200% of the daily performance of the CSI Overseas China Internet Index. The fund is comprised of assets that track the index and other financial instruments providing daily leveraged exposure to the index or ETFs that track the index, which is designed to measure the performance of the investable universe of publicly traded China-based companies whose primary business or businesses are in the Internet and Internet-related sectors.
- Market Realist•8 days ago
Here’s What Drove Electronic Arts’ Revenue in Fiscal Q1 2019
Electronic Arts (EA) has been a solid gaming stock over the last few years. EA stock rose 106% in 2014, 46% in 2015, 15% in 2016, and 33% in 2017. In fiscal Q1 2019, EA increased its net bookings 2% YoY (year-over-year) to $693 million.
Market Realist•9 days agoWhat You Need to Know about Alibaba as Jack Ma Steps Down
Alibaba (BABA) recently announced that its cofounder and China’s (MCHI) (FXI) richest man, Jack Ma, would be exiting his position as chair to dedicate more time to education philanthropy through the Jack Ma Foundation. The role will be taken over by the company’s CEO, Daniel Zhang, in September 2019. Ma became not only the face of Chinese e-commerce giant Alibaba but also one of the most charismatic and influential men in the global industry.
Market Realist•9 days agoTrade War: More than Noise for Mining Companies
Copper prices have come under pressure this year. While supply resilience has made traders bearish on copper, US-China trade war concerns have taken a toll on copper prices (BHP). Copper prices are seen as an indicator of global economic activity. Traders have betted against copper amid the trade war.
- ETF Trends•9 days ago
Tom Lydon on Fox: Finding Value in Emerging Market ETFs
The capital markets possibly got an early smoke signal that the current bull run in U.S. equities might be stopping for air as the latest consumer price index numbers showed inflation rose at a slower pace than expected. During this bull run that has seen a heavy emphasis on growth-oriented plays, U.S. equities have been the default maneuver, but that may change with a steady shift to value, which could benefit China and emerging markets. While the stock market has been largely tepid this week, the major indexes returned to their upward trajectory as the Dow, Nasdaq Composite and S&P 500 all saw gains in today's trading session, helped, in part, by renewed trade talks between the U.S. and China.
