6.3 Mag. Earthquake Northeast Of Taiwan
Portfolio Pulse from Benzinga Newsdesk
A 6.3 magnitude earthquake has occurred northeast of Taiwan, as reported by the USGS. The iShares MSCI Taiwan ETF (EWT) may be affected.
September 18, 2023 | 1:39 pm
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NEGATIVE IMPACT
The iShares MSCI Taiwan ETF (EWT) could be impacted by the earthquake in Taiwan. The extent of the impact will depend on the damage caused by the earthquake and its effect on the Taiwanese economy.
Earthquakes can have significant impacts on local economies, potentially affecting infrastructure, businesses, and consumer behavior. As EWT tracks the investment results of an index composed of Taiwanese equities, any significant impact on the Taiwanese economy could affect the ETF's performance.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100