Japan Earthquake Has Preliminary Magnitude Of 5.8
Portfolio Pulse from Benzinga Newsdesk
A recent earthquake in Japan, reported by Reuters and citing NHK, had a preliminary magnitude of 5.8. The event may have implications for investments in Japan, particularly for the iShares MSCI Japan ETF (EWJ), which tracks the investment results of an index composed of Japanese equities.
March 14, 2024 | 3:20 pm
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The iShares MSCI Japan ETF (EWJ), which tracks Japanese equities, may see short-term price volatility due to the recent earthquake in Japan.
Natural disasters like earthquakes can have immediate negative impacts on a country's economy and investor sentiment, potentially leading to decreased stock prices in the short term. Given EWJ's focus on Japanese equities, the ETF might experience volatility as markets react to the earthquake's potential effects on the Japanese economy.
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