Reported Earlier, Japan Exports (YoY) For June 5.4% Vs. 6.4% Est.; 13.5% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's exports for June grew by 5.4% year-over-year, falling short of the estimated 6.4% and significantly lower than the 13.5% growth recorded in the previous month.
July 18, 2024 | 4:18 am
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NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see a short-term negative impact due to Japan's lower-than-expected export growth for June.
BBJP is directly tied to the performance of Japanese equities, and lower-than-expected export growth could signal economic weakness, potentially leading to a decline in the ETF's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that provides exposure to Japanese equities while hedging currency risk, might experience a short-term decline due to disappointing export growth figures.
DXJ's performance is linked to Japanese equities, and weaker export growth could negatively impact investor sentiment, leading to a short-term decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF that tracks the performance of Japanese stocks, is likely to be negatively impacted in the short term due to Japan's lower-than-expected export growth.
EWJ's value is closely tied to the performance of Japanese stocks, and disappointing export growth figures could lead to a decline in the ETF's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80