EWY News and Press, iShares Inc MSCI South Korea From 02/09/23

Summary China’s economic reopening is proceeding swiftly, despite the spike in COVID-19 cases in early January. January witnessed a dramatic shift in the performance of growth stocks, with the MSCI Emerging Markets Growth Index posting double-digit returns. Consensus expectat...

Summary The South Korean economy slowed significantly during the second half of 2022, with GDP contracting by 0.4% quarter-on-quarter (q/q) in the fourth quarter of 2022. South Korea's manufacturing sector remained in contraction territory at the start of 2023, according to latest PMI d...

Summary International institutions, including the International Monetary Fund, the World Bank, and the OECD, have all warned of a downturn in the global economy commencing in the fourth quarter of last year and continuing in the early months of 2023. The fourth quarter of 2022 was indee...

Summary Weakness in the EWY over recent years has seen the PE ratio on the index fall below 10x, which is significantly below its developed market peers. Korea has strong economic fundamentals in terms of its external balance sheet, fiscal position, and savings rates, which arguably sho...

Summary iShares MSCI South Korea Capped ETF provides investors exposure to South Korea's semiconductor & technology-focused economy. Local lawmakers are progressively opening the country up to foreign investors in a quest for international capital. The country's dependency on se...

Summary Americas equities, ETPs, corporate bonds, and government bonds all outperformed when compared with previous six-month periods. Corporate bonds continued their impressive run throughout the second half of 2022 increasing revenues over each quarter. 2022 was an outstanding yea...

Summary South Korea's economy has deteriorated considerably since the start of the fourth quarter of 2022, with exports, manufacturing and service activity tumbling sharply. House prices have already declined significantly in 2022, but we expect prices to fall by another 10% in 2023 and...

Summary We are optimistic that emerging markets, in particular Chinese equities, can post positive returns in 2023. Consensus expectations point to two further increases in the US federal funds rate in 2023. As the investment environment evolves, an important feature that we seek in...

Summary I think that Woori Bank has the potential to outperform the KOSPI index during the next decade. The bank is attractive based on its low P/B ratio and historically high dividend yield. South Korea is one of my top emerging market picks at the moment. If Woori bank is too ...

Summary There were ample causes for this global downdraft in equity markets. Global equity markets look likely to face a global recession in 2023, which appears to have already begun in the final quarter of 2022. Equity markets will face a tough global environment in 2023, particula...