Emerging Markets Index In Bear Territory Now

The MSCI emerging markets index has reached bear market territory (20% below trailing 1-year high).  Of the top 10 countries in the index, only 2 are not in bear territory. The other 8 are in bear markets.

(click images to enlarge)

EEM

Top 10 Country Holdings:

EEM holdings

These two are down, but not near bear territory:

Taiwan

ewt

Malaysia

ewm

These 8 countries are all in bear territory:

China

China has been in bear territory since mid-2011.  One could debate whether they got out of bear territory in early 2013.  They are well below the 2013 trailing high, but not yet 20% below that level.  However, in the context to price since 2011, we call the price a continuation of the long running bear.

SSEC

Brazil

EWZ

South Korea

ewy

South Africa

eza

India

pin

Russia

rsx

Mexico

eww

Indonesia

idx

 

 

 

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