For Immediate Release Chicago, IL – August 17, 2015 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs recently featured in the blog includethe iShares MSCI South Korea Capped (EWY), iShares MSCI Australia (EWA), iShares MSCI Indonesia (EIDO) and iShares MSCI Malaysia (EWM). Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free. Here are highlights from Friday’s Analyst Blog: China Currency Devaluation is Awful News for These ETFs Just when you thought emerging markets were back on track, China decided to roil markets with a surprise currency devaluation. The country allowed its currency, the renminbi, to depreciate by about 2% against the dollar in the first round, and then followed this up with a bit more in the following day too. While this isn’t a huge move by most standards, it is actually one of the biggest for China’s currency against the dollar in decades. This sudden move also put global markets into a tough spot as it sent stocks around the world lower, while it also pushed Treasury bond yields south as well. And while it pushed American markets into the red, it truly had an awful impact on key markets in the Asia-Pacific region. Hardest Hit Neighbors of China have become very dependent on the massive emerging market for growth, so a devaluation can hurt in multiple ways. First, it makes China more competitive on the world stage for exports, hurting countries that also have big manufacturing operations. Additionally, the devaluation makes it more difficult for Chinese consumers to buy foreign goods hurting economies that sell goods to the China market. Among the hardest hit include Korea (EWY), Australia (EWA ), and a host of Southeast Asian economies like Indonesia (EIDO) and Malaysia ( EWM). Australia is more impacted by the commodity situation, while Korea and Malaysia in terms of tourism and general trade, and then Indonesia from a competitive standpoint for cheap labor (but also commodities as well). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> About Zacks Equity Research Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term. Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons. Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today. Find out What is happening in the stock market today on zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ISHARS-S KOREA (EWY): ETF Research Reports ISHARS-AUSTRAL (EWA): ETF Research Reports ISHARS-MS INDON (EIDO): ETF Research Reports ISHARS-MALAYSIA (EWM): ETF Research Reports To read this article on Zacks.com click here.
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