Goldman Sachs Expects A Correction In Asian Stocks In 2010 (EWY, FXI, SCJ, DNL)

Goldman Sachs expects a correction in Asian stocks in 2010. Goldman Sachs is citing the lack of macroeconomic catalysts will weigh on Asian equities in 2010. Also, Goldman is saying that stocks on the Asian market are already trading at lofty valuations.

Some ETFs that may be impacted negatively by this report tomorrow include: iShares MSCI South Korea Index Fund (NYSE: EWY), iShares FTSE/Xinhua China 25 Index (NYSE: FXI), iShares MSCI Japan Smll Cap Ind Fund(ETF) (NYSE: SCJ), and the WisdomTree World Ex-U.S. Growth Fund (NYSE: DNL).