Japan's Nikkei 225 Rose 1.23% Ending Today's Session At 32,700.94
Portfolio Pulse from Benzinga Newsdesk
Japan's Nikkei 225 index rose by 1.23% to end the session at 32,700.94, led by gains in automakers, chip-related stocks, and steel companies. This was amid a weaker yen and a reported au Jibun Bank Japan Services Purchasing Managers' Index of 53.9. The USD/JPY was down 0.17% to 141.54.
July 24, 2023 | 7:00 am
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POSITIVE IMPACT
The rise in Nikkei 225, led by automakers, chip-related stocks, and steel companies, could potentially impact the performance of the iShares MSCI Japan ETF (EWJ).
The iShares MSCI Japan ETF (EWJ) tracks the investment results of an index composed of Japanese equities. Therefore, a rise in the Nikkei 225, which is a major index in Japan, could potentially lead to a positive impact on the performance of EWJ in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75