Emerging Markets Tank 2.81% – China-Led Selloff Intensifies
EEM suffered the largest percentage drop of any ETF today, likely due to renewed trade war fears or disappointing Chinese economic data. The dollar strengthened in tandem.
Key takeaways
- 01
EEM suffered the largest percentage drop of any ETF today, likely due to renewed trade war fears or disappointing Chinese economic data.
- 02
The dollar strengthened in tandem.
- 03
The iShares MSCI Emerging Markets ETF (EEM) fell 2.81% to $65.97, the worst performer among all instruments in today's dataset.
Full analysis
The iShares MSCI Emerging Markets ETF (EEM) fell 2.81% to $65.97, the worst performer among all instruments in today's dataset. This move coincided with a stronger dollar (UUP +0.36% to $28.17) and a weaker euro (FXE -0.42% to $106.55), suggesting capital flight from EM into USD. Copper's decline also points to China's industrial slowdown. Traders should consider that EEM's drop may be a leading indicator for broader risk-off. Key contracts: EEM $65.97, UUP $28.17.
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