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State Street SPDR Portfolio Emerging Markets ETF

SPEM · AMEX

Market closed$50.19$-0.840000 (-1.65%)After hours $50.19 · 0.00%

Key statistics

Previous close$51.03
Open$49.78
Day high$50.26
Day low$49.62
52-week high$53.54
52-week low$42.66
Market cap16.99B
Volume5.53M
Average volume2.36M
P/E ratio16.10
Forward P/E—
EPS3.12
Dividend yield0.00%

Market context

Why it moved

SPEM, an emerging markets ETF, declined today amid broad risk-off sentiment in global markets driven by ongoing tariff-related inflation pressures and geopolitical uncertainty, weighing on investor appetite for emerging market equities.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026The SPDR Portfolio Emerging Markets ETF declined on a broad risk-off day for emerging market assets, led by a historic crash in Taiwan's stock market — the TAIEX plunged over 6.4% in its worst single-day drop on record — which weighed heavily on SPEM given its largest holding, TSMC (Taiwan Semiconductor), comprising roughly 14.6% of the fund. The sell-off was driven by a deteriorating AI sentiment narrative, a new powerful Chinese AI model from Moonshot (Kimi K3) raising competitive concerns, and continued U.S.-Iran military escalation threatening Strait of Hormuz shipping. Despite TSMC reporting a record 77% surge in Q2 net profit, the broader semiconductor rout and risk-off tone overwhelmed the bullish earnings signal, with volume running more than double SPEM's average.

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July 17, 2026SPDR Portfolio Emerging Markets ETF declined as global emerging market sentiment was pressured by a volatile session in Taiwan—SPEM's largest holding, TSMC (2330.TW at 14.5% of the fund), saw its U.S.-listed shares fall roughly 4% after reporting record Q2 profit that still disappointed on valuation grounds, while the TAIEX plunged over 600 points intraday. Broader headwinds included China's Q2 GDP miss (4.3% vs. expectations), ongoing U.S.-Iran geopolitical tensions disrupting oil shipping through the Strait of Hormuz, and a Wall Street session where the S&P 500 closed lower as tech weakness dragged markets—all weighing on EM risk appetite.

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July 15, 2026The SPDR Portfolio Emerging Markets ETF edged higher, buoyed by strong momentum across its top holdings. TSMC — the ETF's largest holding at ~14.6% — heads into its July 16 earnings call with multiple brokerages raising price targets to NT$4,000, while Q2 revenue already beat expectations with 36% year-over-year growth. Alibaba surged ~6% after China approved Apple Intelligence integration with Qwen across Apple's operating systems, lifting Hong Kong tech shares for a fourth consecutive session. Meanwhile, cooler-than-expected U.S. June CPI data (3.5% vs. 3.8% expected) and strong Chinese export data (+27% YoY) supported the broader EM investment case, though China's Q2 GDP miss at 4.3% and ongoing U.S.-Iran tensions tempered enthusiasm.

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July 14, 2026The SPDR Portfolio Emerging Markets ETF edged higher amid a complex backdrop for its top holdings. TSMC — the fund's largest position at ~14.6% — reported a blowout 36% Q2 revenue beat, yet Taiwan's stock market swung violently, plunging a record 1,726 points intraday before clawing back, as US-Iran tensions and Trump's reimposed Strait of Hormuz blockade rattled global risk appetite. Meanwhile, a cooler-than-expected June CPI print of 3.5% helped lift US equities off Monday's lows, and Hong Kong tech names like Alibaba and Tencent — also top SPEM holdings — showed resilience even as South Korea's KOSPI plunged nearly 9% on chip sector fears.

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July 13, 2026The SPDR Portfolio Emerging Markets ETF declined notably as a confluence of negative macro forces weighed on its top holdings — particularly Taiwan and China tech names, which together represent the bulk of the fund. South Korea's KOSPI plunged nearly 9% amid a brutal selloff in AI chip stocks led by SK Hynix and Samsung, dragging down semiconductor-heavy emerging market indices, while TSMC's top-line holding slipped despite reporting a strong 36% Q2 revenue beat. Renewed U.S.-Iran military exchanges sent oil prices surging over 4-5%, reigniting inflation fears and sparking broad risk-off sentiment globally. In after-hours trading, the ETF has recovered sharply, nearly recouping the full day's losses.

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July 10, 2026The SPDR Portfolio Emerging Markets ETF edged modestly higher during the regular session but is sliding sharply in after-hours trade, down 2.44%, as geopolitical risk resurfaces. The U.S. and Iran exchanged further strikes, threatening a fragile ceasefire and keeping oil prices elevated — a headwind for emerging market sentiment. Top holding TSMC (14.8% weight) saw its Taiwan-listed shares closed out for the day due to Typhoon Bavi, while Alibaba (2.1% weight) benefited from China's People's Bank announcing a major Bond Connect policy boost and AI-driven momentum, with CICC maintaining a Buy rating. Indian equities rallied strongly, with the Sensex and Nifty surging on broad risk-on sentiment, partially offsetting geopolitical concerns weighing on the broader EM complex.

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July 10, 2026The SPDR Portfolio Emerging Markets ETF edged higher on Thursday, outperforming a cautious broader market as investors navigated a volatile geopolitical backdrop centered on renewed U.S.-Iran strikes threatening the fragile Strait of Hormuz ceasefire. The fund's top holding, TSMC (14.7%), benefited from a sharp rebound in Asian semiconductor stocks, while Alibaba (1.8%) surged amid mainland Chinese fund inflows into Hong Kong tech and Goldman Sachs calling to "go long China AI." Notably, SPEM was highlighted by Wall Street strategists as a recommended emerging markets vehicle for new allocations, and noted investor Michael Burry pivoted toward China and Hong Kong, declaring Korea and Japan AI trades overcrowded — a dynamic reflected in KOSPI's 5.4% plunge into bear market territory on July 9.

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July 8, 2026The SPDR Portfolio Emerging Markets ETF edged higher on the session, showing resilience against a broader risk-off backdrop driven by renewed U.S.-Iran military exchanges that sent oil prices surging over 5% and pressured global equities. Key EM holdings faced crosscurrents: top holding TSMC rebounded in Taiwan after the prior session's AI chip-driven selloff, Alibaba surged over 10% in Hong Kong on AI cloud optimism and a Pentagon legal reprieve, and HDFC Bank — another significant holding — pulled back after profit-taking despite strong Q1 loan growth. Wall Street strategists recently flagged SPEM as a vehicle for international diversification, while China's relative market stability and yuan strength have drawn renewed institutional interest in EM allocations.

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TradingView · July 15, 2026SPEM ETF Profile: Dividends, Returns (AMEX:SPEM)AOL.com · July 13, 2026What Is the State Street SPDR Portfolio Developed World ex-US ETF, and Who Should Buy It?Morningstar · May 28, 2026The Best Equity ETFsSeeking Alpha · February 17, 2026SPEM: Why It's Not Just A Weaker-Dollar Story Boosting Emerging Markets24/7 Wall St. · February 11, 2026This Emerging Markets ETF Charges Just 0.07% and Ran Way Past The S&P 500ETF Database · August 1, 2025Emerging Markets Comeback Story Could Be in Early StagesUS News Money · June 5, 20257 Best Emerging-Market ETFs to Buy for 2026

Peers

S&P 500SPX · $7,457.69-1.01%Avantis Emerging Markets Equity ETFAVEM · $89.26-1.25%JPMorgan BetaBuilders Japan ETFBBJP · $73.09-1.44%Dimensional - International Value ETFDFIV · $55.73-0.13%iShares MSCI Emerging Markets ex China ETFEMXC · $91.78-1.08%Goldman Sachs ActiveBeta U.S. Large Cap Equity ETFGSLC · $141.82-0.94%iShares Russell 2000 Growth ETFIWO · $376.72-0.12%State Street SPDR Portfolio S&P 400 Mid Cap ETFSPMD · $66.18-0.63%State Street SPDR Portfolio S&P 600 Small Cap ETFSPSM · $56.76-0.79%Vanguard Financials ETFVFH · $137.94-0.90%State Street Consumer Staples Select Sector SPDR ETFXLP · $85.19-0.72%