March 20, 2012 at 09:15 AM EDT
China, Russia, and the Breakdown in BRIC ETFs
While markets in Taiwan and Hong Kong recovered to finish just outside of technically oversold territory on the first trading day of the week, markets in China and Russia continued lower, and are set to open short-term oversold when trading begins this morning.The iShares FTSE/Xinhua China 25 ETF (FXI) pulled back by more than 2% on Monday, dropping into oversold territory and closing lower for the third day out of the last four...( Read More )
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