What Asian Economies And ETFs Are Getting Right
By Tom Lydon on July 6, 2009 | More Posts By Tom Lydon | Author's Website
Asian markets and subsequent exchange traded funds (ETFs) are on the rebound, but recent global data only indicates stabilization, not a total recovery.
The Tankan survey of big manufactures in Japan came in at -48, up from a -58 registered three months earlier, reports Bettina Wassener for The New York Times. The negative reading still shows ubiquitous pessimism among manufacturers. Japanese companies could remain cautious in the short-term, and increase layoffs and other cost savings.
The official purchasing managers’ index (PMI) of China climbed for the fourth month in a row in June, which shows a Chinese economy expanding rather than contracting. The rises were largely aided by stimulus spending in China.
South Korea calculated that exports in June were down 11.3% year-over-year, a small silver lining compared to the 28.5% drop in May.
Many Asian economies benefited from the massive and quick stimulus measures, which helped them mitigate what could have been a long and difficult downturn.
- BLDRs Asia 50 ADR Index (ADRA): up 15.1% year-to-date
- iShares S&P Asia 50 Index (AIA): up 31% year-to-date
Extension Of US Unemployment Benefits: Will That Really Benefit The Overall Economy?
Video: 11/09 The Week Ahead
The Economic Implications Of Being Out Of Work For Six Months Or More
Has Asia Dethroned Detroit As The Auto Sector Leader?
Three Marketing Giants Adjust To The New “Post-Crash” Reality
Macedonia’s Jan.-Sept. Trade Deficit At US$1.61 Bln - 18 hrs ago
Natural Gas Prices Extend Two-Month Low - 22 hrs ago
Stocks Finish Modestly Higher Despite Weak Jobs Report - U.S. Commentary - 22 hrs ago
Treasury Economist: Unemployment Numbers Disappointing But Not Unexpected - 23 hrs ago
Consumer Credit Fell By $14.8 Bln In September - 23 hrs ago


