Earthquake Of Magnitude 6.22 Strikes Shikoku, Japan
Portfolio Pulse from Benzinga Newsdesk
A magnitude 6.22 earthquake has struck Shikoku, Japan, according to Reuters citing GFZ. The impact on the iShares MSCI Japan ETF (EWJ) could be observed depending on the extent of the damage and its effect on Japan's economy.
April 17, 2024 | 2:23 pm
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NEUTRAL IMPACT
The iShares MSCI Japan ETF (EWJ) may experience short-term price fluctuations following the earthquake in Shikoku, Japan, depending on the economic impact.
The impact on EWJ depends on the severity of the earthquake's damage to Japan's infrastructure and economy. While the ETF represents a broad range of Japanese equities, significant damage could lead to short-term negative effects on the market. However, without specific details on the damage, the exact impact remains uncertain.
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