Brian Kelly Recommends A Short Position On EWY

Brian Kelly of Kanundrum Research recommended on CNBC's Fast Money Half Time Report the easiest way to trade on the news that Chinese economy is slowing down.

He wants to short iShares MSCI South Korea Index Fund(ETF) (NYSE: EWY), because South Korea is an export oriented economy and if China decides to slow down it will hurt the South Korean economy.

iShares MSCI South Korea Index Fund(ETF) (NYSE: EWY) lost 2.35% today and Brian Kelly already took a short position in EWY yesterday. He thinks that there still might be some room for this trade.