High On Hong Kong

Investors may want to put Hong Kong on their investment maps. The region has been on fire lately as exports have been steadily rising. Bloomberg reported that Hong Kong’s exports rose nearly 27 percent from June of 2009. This crushed the analyst median estimate of 22.8 percent. Hong Kong reported a 24.4 percent gain in May. Hong Kong is riding a wave of growth as other countries in Asia are experiencing exponential economic development. Export shipments to other Asian nations grew 27.4 percent from a year earlier and were worth nearly $34.4 billion. Analysts also expect that real estate prices in Hong Kong to keep their trajectory upwards. Recently, land located in Hong Kong’s exclusive Peak district was sold at a government auction for $1.34 billion. As the rest of Asia grows, so will Hong Kong. As a major seaport and financial center, the region will see big long term gains as the continent grows. Investors wanting to play Hong Kong’s potential can do so with the iShares MSCI Hong Kong Index ETF EWH.