The Wall Street Journal’s MoneyBeat column has observed that emerging markets are more than just factories now and that investors should think of them in terms of Samsung Electronics (OTCMKTS: SSNLF) rather than Samsung Heavy Industries (OTCMKTS: SMSHF). In fact, shares of Samsung the smartphone maker are up 3% in 2014 while Samsung the shipbuilder’s shares are down 27% for a vivid illustration of the divergence between the new and old economies in emerging markets.
Jack Deino, the head of emerging markets debt at money manager Invesco Ltd., commented how it used to be that a sluggish materials sector almost always meant trouble for emerging markets. But now their economies are more diversified while companies and countries alike have strengthened their balance sheets so that “you’re not always on the edge of a cliff anymore.”
To read the whole article, Emerging Markets: Now More Than Just Factories, go to the MoneyBeat column on the website of the Wall Street Journal.
Similar Posts:
- Analysts Favor Currencies Like the Mexican Peso, Won and Zloty (WSJ)
- Why the MSCI Emerging Markets Index Has Some BIG Problems (WSJ)
- Oppenheimer’s Leverenz Blames “Radical Collapse” in FX Markets for Poor Performance (WSJ)
- LG and Samsung in Full Retreat Before Chinese Flat-panel Onslaught (Nikkei Asian Review)
- South Korea: A Shining Example of Emerging Market Leadership (Franklin Templeton)
- START not FAANG (GAM)
- Mirae Asset Securities’ Korean Stock Picks (July-August 2024)
- Mirae Asset Securities’ Korean Stock Picks (October 2023)
- Korean Stock Picks (October 2024)
- Korean Stock Picks (December 2024)
- Mirae Asset Securities’ Korean Stock Picks (January 2024)
- Hungary, Poland, Mexico and South Korea Poised to Handle a Pull Back in US Monetary Stimulus (WealthManagement.com)
- Kangwon Land (KRX: 035250): Shares Are Still Down Despite a Mass Gaming Revenue Recovery
- EV Battery Maker Market Share Chart & Stock List (China, Japan & South Korea Stocks)
- Asian Tigers: South Korea and Taiwan (Franklin Templeton)
