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Trackinsight: Asian shares slump on inflation fears and Evergrande’s payment miss

10/12/2021 | 10:15am EST

Asian shares dropped on energy fuelled inflation fears and mounting concerns on Evergrande's debt problems.

Asian shares dropped on energy fuelled inflation fears and mounting concerns on Evergrande’s debt problems. The Hang Seng 50 index (-1.66%), Shanghai Composite (-1.25%), Taiwan Stock Exchange Index (-1.25%), Nikkei 225 (-0.94%) and KOSPI (-1.35%) all fell into red territory.

Evergrande’s debt troubles has caused jitters across global markets in recent months and the trend continues with the company’s third round miss of bond coupon payments in three weeks, adding to the already brittle market sentiment over a potential contagion.

For investors who have long term faith in the region as a rising economic force, the iShares MSCI AC Far East ex-Japan UCITS ETF may be the right tool to access that market. The ETF provides exposure to China (39%), Taiwan (19%), South Korea (16%), Hong Kong (8.42%) and other Far Eastern nations. Its top 5 holdings include Taiwan Semiconductor Manufacturing (8.49%), iShares MSCI China A ETF (6.7%), Tencent Holdings (5.99%), Alibaba Group (5.09%) and Samsung Electronics (4.81%).

In terms of performance, the ETF lost -7.58% year-to-date, which could be a buying opportunity for some.

Find and compare over 7,000 ETFs with our free tools:


ę www.trackinsight.com 2021
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