One night after President Obama’s State of the Union address, Asia exchange traded funds (ETFs) are feeling a little bolder. That’s because of Obama’s vows to create jobs, cut corporate taxes, boost education spending and get the American economy rolling again.
His pledges had a particularly positive impact on Market Vectors Indonesia (NYSEArca: IDX), iShares MSCI Indonesia (NYSEArca: EIDO) and iShares MSCI Thailand (NYSEArca: THD), all of which are up nearly 3% in early trading.
Here are more stories about Asia that may interest you:
- Chinese Yuan ETFs: Waiting on Gains
- Singapore ETF: Can You Count On 2010’s Returns?
- Vietnam ETF Reverses the Downtrend, But Will It Stick?
- Thailand Enters 2011 On a High
- South Korea ETF: A Plan to Stay Afloat
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.