Traders are seeing a buying opportunity in oversold assets in Qatar as President Trump said he supports what Saudi Arabia and our other allies in the middle-east are doing. According to a report by Bloomberg (link above) bond yields have jumped the most in a year as investors demand higher yields to hold Qatari bonds.
Another way to play the ongoing drama in Qatar is to buy stocks in the country that have sold off big league over the last few days. One way to do that is to buy the country specific ETF QAT. The iShares MSCI Qatar Capped ETF seeks to track the investment results of a broad-based index composed of Qatar equities.
The chart suggests it is way too early to go long the qatar ETF as it has plunged about -8% over the last two days. The ETF is thinly traded which makes entry and exits a little harder. For aggressive speculators, you may want to consider adding QAT to your watch list for a possible long entry as the news about this country develops over the coming days and weeks.