Japan's Nikkei 225 Closes Lower By 0.57% Ending Today's Session At 32,304.25
Portfolio Pulse from Benzinga Newsdesk
Japan's Nikkei 225 index closed lower by 0.57% at 32,304.25. The country's consumer inflation increased slightly from 3.2% to 3.3% in June. The USD/JPY exchange rate was up 0.04% to 140.12.
July 21, 2023 | 6:51 am
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NEGATIVE IMPACT
The news of Nikkei 225's decline and the rise in Japan's inflation may impact the performance of the iShares MSCI Japan ETF (EWJ), which tracks the investment results of an index composed of Japanese equities.
The iShares MSCI Japan ETF (EWJ) is designed to track the performance of the Japanese equity market. Therefore, any significant changes in the Japanese economy, such as the decline in the Nikkei 225 and the rise in inflation, can directly impact the performance of this ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80