{"id":13610,"date":"2012-08-17T14:54:11","date_gmt":"2012-08-17T12:54:11","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/emerging-markets-stocks-pressured-by-china-turkey-bucks-trend\/"},"modified":"2012-08-17T14:54:11","modified_gmt":"2012-08-17T12:54:11","slug":"emerging-markets-stocks-pressured-by-china-turkey-bucks-trend","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-pressured-by-china-turkey-bucks-trend\/","title":{"rendered":"EMERGING MARKETS-Stocks pressured by China; Turkey bucks trend"},"content":{"rendered":"

\t\t<\/span><\/p>\n

LONDON<\/span> Aug 17 (Reuters) – Emerging equities traded flat on
\nFriday and were on track to snap a four-week long winning
\nstreak, weighed down by China which has lost 2.5 percent in the
\npast week on fears of a sharp slowdown in economic growth.<\/span><\/p>\n

<\/span><\/p>\n

The sole bright spot was Turkey, where stocks jumped 1
\npercent as banks gained from expectations of looser policy.<\/p>\n

<\/span><\/p>\n

Emerging markets shrugged off the generally more positive
\nmood in Western Europe where shares have hit five-month highs on
\nhopes euro zone policymakers may resolve their differences over
\ntackling the bloc’s debt crisis.<\/p>\n

<\/span><\/p>\n

The MSCI emerging index is down 0.5 percent this
\nweek. Chinese stocks had their worst week since early
\nJune and are approaching the 3-1\/2 year lows hit at the end of
\nJuly. Markets in Seoul and Taipei also fell.<\/p>\n

<\/span><\/p>\n

Data on Wednesday showed a fall in foreign direct investment
\ninto China in the first seven months of the year. This follows
\na raft of softer economic indicators that appear to confirm an
\nimminent downturn in growth. Markets have so far shrugged off
\npolicymakers’ hints of more monetary stimulus.<\/p>\n

<\/span><\/p>\n

“The message from the Shanghai Composite (equity index) is
\nthat monetary policy may be becoming less tight but it is not
\naccommodative,” ING analysts said in a note.<\/p>\n

<\/span><\/p>\n

The yuan was flat but offshore non-deliverable forwards
\n implied a 1.3 percent depreciation over the next
\n12 months, compared to 1.2 percent implied on Thursday.<\/p>\n

<\/span><\/p>\n

Most emerging European currencies eased, with the Czech
\ncrown edging off 3-month highs versus the euro.<\/p>\n

<\/span><\/p>\n

Turkey led regional equity gains, with a 1 percent rise
\n, led by banks which benefit from the central
\nbank move to allow more reserves to be held in hard currency and
\ngold. The central bank kept interest rates on hold on Wednesday
\nbut signalled looser policy going forward.<\/p>\n

<\/span><\/p>\n

Emerging markets continue to attract investors, with equity
\nfunds taking $874 million in the week to August 15 and
\nyear-to-date flows at $17 billion, according to EPFR Global.
\nEmerging bond funds absorbed $586 million, with year-to-date
\ninflows at $19.7 billion, the fund tracker was quoted by banks
\nas saying.<\/p>\n

<\/span><\/p>\n

<\/span><\/p>\n

\n

\t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON Aug 17 (Reuters) – Emerging equities traded flat on Friday and were on track to snap a four-week long winning streak, weighed down by China which has lost 2.5 percent in the past week on fears of a sharp slowdown in economic growth. The sole bright spot was Turkey, where stocks jumped 1 percent […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13610","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13610"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13610\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}