iShares MSCI Hong Kong (EWH) News

Comment on the recent volatility and market/economic condition. It is now evident that greenspan put many in hell-like situation while he would be feasting in alleged greenspan swiss long/short account.

Hope that the market volatility will be normalized. The recent breakout in emerging market with parabolic price actions created dangerous situation for the related ETFs and markets.

Asian Markets Trading at or near Resistance.
Will they they take the lead or mimick US markets earning season's jitters? Judged from the past the second case is more likely.

Emerging Markets and Hang Seng shooting up most after rate cut

Hi Andy,

Thanks, this is what you were talking about a while ago.

Good to know.


Mainland Investors Allowed to Buy Hong Kong Stocks Under Pilot Program
By Claudia Blume
Hong Kong
27 August 2007

http://www.voanews.com/english/2007-08-27-voa6.cfm

Beijing has announced a pilot program that will allow Chinese citizens to invest in the Hong Kong stock market and New Zealand says it will take Australia to the World Trade Organization over a ban on apple imports. Claudia Blume at VOA's Asia News Center in Hong Kong has more on these and other business stories from the region.

The Chinese government will allow mainland investors to buy Hong Kong shares. Hong Kong, unlike mainland China, allows the free flow of money in and out of its financial markets.

Stephen Green is a senior economist for Standard Chartered Bank in Shanghai. He says Beijing wants to make it easier to shift funds overseas because there is too much cash pouring into the country, causing pressure on the currency to appreciate. Another reason, he says, is that at the moment Chinese investors have limited options for investing their money.

"It's basically put it on deposit at the bank, buy a house or invest in a very volatile - albeit very good in the last few months - stock market," he said. "And so it's part of an effort to allow them to diversify their exposure to various assets, which will hopefully increase their return in the long term and also reduce some of the risks involved for them."

China's central bank raised interest rates for the fourth time this year. The bank's main lending rate will go up by 18 basis points to 7.02 percent. The benchmark deposit rate will rise 27 basis points to 3.6 percent.

Beijing has raised interest rates several times this year in an effort to slow the rapidly growing economy and to control inflation, which reached its highest level in over a decade last month.

New Zealand will take Australia to the World Trade Organization over a dispute about apple exports. Canberra banned the import of apples from New Zealand 86 years ago to prevent a plant disease from spreading to Australia. Years of effort to resolve the issue bilaterally failed. Wellington says it hopes the WTO can persuade Australia to lift the ban, which it calls a barrier to free trade.

"The percentage of apple exports to Australia in the short term is not all that significant," said Jim Anderton, New Zealand's minister for agriculture. It is really the principle of gaining access to the market and being able to build on a secure base the future of our market access."

Filipino men have some catching up to do: Women far outnumber them at the top of the corporate ladder. While there were 2.5 million female executives in the Philippines in 2004, only 1.6 million executive jobs were held by men. The Philippines' Department of Labor says the ratio of women holding top posts is the world's best. Ninety-seven percent of businesses in the country have women in senior management positions.

Hang Seng will beat the rest of the pack since Chinese private investors are now allowed to invest in Hong-Kong. Uptrend for month to come.
http://www.voanews.com/english/2007-08-27-voa6.cfm

Asian markets rallied strong after the recent sell off near to 20%+.

Even so, the recent sell-off is depressing that almost all market participants are talking about that we saw the Top for the year.
That means that we are in bear market.

We need to see a sparke in market to expel the bearish sentiment.

Let's see whether market price actions will prove otherwise.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=22199900

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^SSEC Shanghai Composite 4,904.855 3:00AM ET Up 248.281 (5.33%) Chart, More
^HSI Hang Seng 21,595.63 6:32AM ET Up 1,208.50 (5.93%) Components, Chart, More
^BSESN BSE 30 14,427.55 6:28AM ET Up 286.03 (2.02%) Chart, More
^JKSE Jakarta Composite 2,041.584 6:39AM ET Up 132.949 (6.97%) Components, Chart, More
^KLSE KLSE Composite 1,243.39 5:02AM ET Up 51.84 (4.35%) Components, Chart, More
^N225 Nikkei 225 15,732.48 3:00AM ET Up 458.80 (3.00%) Chart, More
^NZ50 NZSE 50 3,982.375 1:31AM ET Up 88.031 (2.26%) Components, Chart, More
^STI Straits Times 3,322.38 5:05AM ET Up 191.67 (6.12%) Components, Chart, More
^KS11 Seoul Composite 1,731.27 5:04AM ET Up 93.2 (5.69%) Components, Chart, More
^TWII Taiwan Weighted 8,515.60 1:46AM ET Up 425.31 (5.26%) Chart, More

it is way oversold, should bounce some, EWH need to jump above 17.5 to change trend
EWT should do good too today

Wonderful a strong rally almost 6%!! Good trades

Hang Seng 21,595.63 6:32AM ET Up 1,208.50 (5.93%)

Let's see will HANG SENG INDEX follow the pack today