Japan's Nikkei 225 Closed Today's Session At 31,943.93, Down 0.81%
Portfolio Pulse from Benzinga Newsdesk
Japan's Nikkei 225 index closed down 0.81% at 31,943.93, with industrials and technology sectors being the largest drags. The potential spinoff of SoftBank helped limit losses. The yen strengthened about 0.6% to 139.50 per dollar.
July 12, 2023 | 7:39 am
News sentiment analysis
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NEGATIVE IMPACT
The Nikkei 225's decline may negatively impact BBJP, an ETF that tracks the index.
BBJP tracks the performance of the Nikkei 225 index. Therefore, a decline in the index is likely to result in a corresponding decline in the ETF's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The strengthening of the yen may negatively impact DXJ, an ETF that hedges against yen appreciation.
DXJ is designed to provide exposure to Japanese equities while hedging against yen appreciation. Therefore, a strengthening yen could negatively impact the ETF's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
The decline in the Nikkei 225 and the strengthening of the yen may negatively impact EWJ, an ETF that tracks Japanese equities.
EWJ tracks the performance of Japanese equities. Therefore, a decline in the Nikkei 225 and a strengthening yen could result in a corresponding decline in the ETF's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100