Who prevails over all others is not necessarily the fastest, the strongest or even the most intelligent; but the most flexible. This is why companies with a strong presence in the smartphone market such as China Mobile (CHL, quote), Apple (AAPL, quote) and Samsung (SSNLF, quote) are in powerful positions.
So the Facebook IPO is wobbling a little — not really the thunder the market needed — and traders are looking for the aftershocks. We’re leading off with emerging markets stocks with exposure to the social media theme on tonight’s Trading the Globe (7:30 ET, CNBC).
Emerging markets saw the largest weekly decline since November last week on softer than expected economic news out of China and a political impasse in Greece that could result in the country leaving the European Union.
Tencent Holdings (TCEHY, quote) announced February 13 that it has licensed The Sims Social from Electronic Arts (EA, quote), and will be launching the game on its Qzone social gaming network. The game is development at EA’s Playfish Beijing studio, and is expected to reach open beta in the next few months.
Emerging market funds posted their sixth week of inflows last week as the risk trade continues its momentum on strong economic data out of the United States. Funds investing in emerging markets increased holdings by $2.6 billion, with China attracting the most inflows.