$EWY Sort Call - Technicals

- 1st support: $62.64 to neckline at TP of $60.35. Cover at $64.50.
- MACD & RSI on downtrend. MA's rolling over.
- Shorts up 31.43% from prior month.
- 19,612 put volume vs 4,059 call volume on Nov 22, 2013
- Highly concentrated ETF - Top holding: Samsung at 22.48%
- Dividend yield: 0.57%.
- WisdomTree launched new currency-hedged ETF: Korea Hedged Equity Fund DXKW in Nov 2013
- From the time Japan PM Shinzo Abe was elected on Dec. 16, 2012, to May 22, 2013, the Korean won gained almost 20% against the yen and has barely moved since then. As a consequence, for the past year (from Sept. 30, 2012 to Sept. 30, 2013), the Tokyo Stock Price Index, generated EPS growth of more than 87.1%, while the Korean Composite Stock Price Indexes has EPS contraction of 4.6% over the same period.
- Average household debt in South Korea grew 6.8% over the past year to 58.18 million won ($55,116).
- Ratio of financial debt against disposable income came in at 108.8%, up from 106% from the previous year.
- Financial debt gained 7.7% on-year while disposable income grew 4.9%.
- Exports fell 0.9% in 3Q13 - Overseas shipments fell 1.3% last year, the first decline in three years.
- GDP growth FY13: 3.52%; FY14 2.17%; FY15 2.45%

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