Asian growth slowed materially in Q2 of 2008. That will be a historical perspective that most investors look back on when this year is all said and done. Unfortunately, a large % of them didn't see it coming ahead of time.
The Harvard Endowment, for one, went on an ETF buying binge, and loaded up on Taiwan too early (the ETF for Taiwan is EWT). This morning the Taiwan government reported Q2 GDP slowing to +4.3%. That's down sharply versus prior expectations and down from +6.3% since Q1 of 2008. It is global this time, indeed.
The Harvard Endowment, for one, went on an ETF buying binge, and loaded up on Taiwan too early (the ETF for Taiwan is EWT). This morning the Taiwan government reported Q2 GDP slowing to +4.3%. That's down sharply versus prior expectations and down from +6.3% since Q1 of 2008. It is global this time, indeed.
- The TAIEX Index has dropped -26% since May 19th, 2008 to 6,911.
KM
chart courtesy of stockcharts.com