Monday, February 3, 2014

Weaker Chinese Data Hitting Hong Kong ETF

While China has been printing economic numbers showing a slowing economy, the primary ETF that is taking the hit for this slowdown has been the Hong Kong ETF.  The ETF continued to hit resistance at the 20.75 level for several months before sharply selling off over the last few weeks, sending prices through all the EMAs -- including the 200 day.