South Korea’s KOSPI, which lost 1.38% yesterday, marginally recovered today. The index ended up 0.14% at 2,081.84. The iShares MSCI South Korea Capped ETF (EYW), which lost 3.71% yesterday, is expected to recover strongly today.
Sign up for Bagels & Stox, our witty take on the top market and investment news, straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.
The Australian ASX200 added a 0.92% loss today to yesterday’s 0.21% fall to end in the red for the second day this week. Most of the fall came during the early trade as a repercussion of yesterday’s fall in US indexes. Afterward, the index recovered partially.
The iShares MSCI Australia ETF (EWA) lost 2.03% on May 13 as US indexes tumbled.
Meanwhile, the iShares MSCI Pacific ex-Japan ETF (EPP), which invests 54% of its holdings in Australian equities, lost 2.39% on May 13.
New Zealand’s NZ50 index saw a 0.56% drop today.
Singapore’s Straits Times Index (or STI) extended its Monday losses today. The index lost 0.33% to end today at 3,223,71. STI traded within a narrow band and recovered after opening low.
The iShares MSCI Singapore Capped ETF (EWS) lost 3% yesterday during trading on NYSE Arca.
The JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX), which also invests in Singaporean equities, lost 2.56% on May 10.
With most Asian markets posting lower losses than expected, I expect Japan-, Korea-, and Singapore-focused ETFs to recover well today.