International Sector Report
The market took quite a hit today with the poor domestic market reports combined with a terrible day in China. China's pullback was due basically to jittery investors pulling out after a big run-up, as well as the uncertainty of an upcoming government meeting that could take steps to slow down the booming economy.
As can be expected, global emerging markets followed China's suit, by pulling back. Our own positions took a dip today as well: EWS fell 8.5% as of 3pm, and VWO fell almost 8%.
For the week:
VWO
Monday Open: 80.20
Friday Close: 80.07
As of mid-day Tuesday: 73.55
EWS
Monday Open: 12.29
Friday Close: 12.49
As of mid-day Tuesday: 11.40
None of the ETF stocks I have looked at managed to eek out a gain today in spite of the volatile Asian markets. This includes index funds in Malaysia, China, Hong Kong, and Singapore, as well as another general emerging markets iShare (EEM) that I considered.
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