ZHOK News and Press, SPDR Solactive Hong Kong ETF From 04/09/21

Brazil Composite PMI fell from 54.4 in 4Q 2020 to 52.1 in 1Q 2021, marking a slowdown in growth conditions in the economy. Russia Composite PMI increased from recessionary 47.7 in 4Q 2020 to still negative-growth (albeit statistically, indistinguishable from zero growth) 49.5 in 1Q 20...

Global PMI highest since August 2014. Manufacturing reports robust expansion despite supply delays, services boosted by easing of COVID-19 restrictions. Consumer services show signs of steadying after steep downturn. US leads upturn, Brazil lags. For further details see:...

Hong Kong equities are mainly exposed to financial sectors. Therefore, a rise in long-term interest rates are supportive for funds such as EWH. EWH offers mainly U.S. investors an opportunity to invest in Hong Kong equities, which include companies like AIA Group Ltd (a major insuranc...

Central bank manipulation of asset prices has swamped fundamentals. Asia-Pacific is one place to look for value, because the world is shifting from the concept of nation-state to the concept of civilization. Mutually assured destruction is the most stable game theory structure tha...

Globally, vaccine approvals are providing a much-needed light at the end the tunnel, helping both consumers and business envision a return to normal. In the US, after unprecedented legal challenges following last year's presidential election, the new administration is ushering in new ...

Global economic growth led by the US as PMI rises to highest in six-and-a-half years. COVID-19 restrictions limit service sector growth in Europe and Japan. Solid growth continued to be recorded in Australia and Russia, albeit with rates of expansion capped in particular by weaken...

Beware of the "bull-headed bear" in China. Will Chinese economic growth slow in 2021? Investment opportunities in China. For further details see: Chinese Markets In 2021: Can The Bulls Keep Charging?

The Asia-Pacific region went into this crisis first and many of its economies are emerging from it first as well. This is largely driven by stronger-than-expected performance among advanced economies in the region, as well as some large emerging market economies such as China, India, ...

The Hong Kong Monetary Authority pegs the HKD to the USD at a range of 7.75-7.85. A rise in US yields threatens to disrupt this rigid currency peg. Hong Kong yields/rates would have to also rise as the HKMA buys HKD (reducing local HKD liquidity) and to prevent carry trade outflow...

During the fourth quarter, our base case for emerging markets (EM) was the following: we saw favorable economics, questionable politics, and an exciting digital disruption theme that swept across emerging markets countries around the world. Emerging markets have traditionally underper...