iShares MSCI Australia ETF

EWA

Valor de mercado US$ 1,2 bi

Asian market opened the week firmer on Monday as a sharp slowdown in US hiring pushed investors towards a Federal Reserve pause this month, giving rate-sensitive technology stocks room to rebound. Japan led the advance, with the Nikkei 225 jumping 2.5% above 70,000 to a three-month high, while Taiwan's Taiex gained about 2.6%.

Australian shares hit a more than three-month low on Thursday, with most sectors trading in negative territory, as a sharp rise in oil prices revived concerns that ​inflation could stay persistent and keep monetary policy tight.

I rate the iShares MSCI Australia ETF a Buy, targeting a new all-time high above $34.83, over 20% upside from current levels. EWA serves as a proxy for commodity exposure, with Australia's export-driven economy benefiting from rising global demand and higher raw material prices. The ETF maintains a bullish trend since 2020, supported by robust commodity markets and a nearly 3% dividend yield while investors await capital appreciation.

Asian stocks diverged on Tuesday as South Korea's KOSPI struggled to shake off pressure on semiconductor shares while Japan's Nikkei 225 recovered, leaving the region's two most AI-sensitive markets moving in opposite directions ahead of key US and Japanese rate decisions. The KOSPI fell as much as 0.76% in early Seoul trading before paring most of the decline, extending a difficult stretch after Monday's sharp technology sell-off.

Six months into the U.S.-Iran war, Qatar is ​among the conflict's biggest economic casualties, with its liquefied ​natural gas exports slashed by 96%, data shows.

Australia's stock market maybe emerging as a rare safe haven from the AI-driven volatility rattling Asian equities. A nascent rally has pushed valuations to the brink of overtaking India as the Asia-Pacific's priciest major market for the first time in six years.

Australian consumer prices rose by less than expected in the second quarter, easing pressure on the Reserve Bank of Australia to deliver what would be its fourth rate increase this year at a policy meeting next month.

China has unveiled a new carbon-peaking action plan that targets new energy vehicles (NEVs) accounting for 30% of the country's total vehicle fleet by 2030, marking a significant step in the electrification of the world's largest automobile market. The State Council on Thursday released the "15th Five-Year Plan" Carbon Peaking Action Plan, outlining the country's roadmap to peak carbon emissions before 2030.

Australian shares were little changed on Tuesday as losses in gold, mining and consumer stocks countered gains in banks and tech stocks, while software ​heavyweight WiseTech Global jumped to its highest in near three weeks ‌after naming a new chair.

Just a short stroll from Sydney's famous Bondi Beach, auctioneer Clarence White struggles to drum up bids for an airy three-storey home that boasts five bedrooms and an al fresco lounge - price tag, A$5.2 million ($3.64 million).