Reported Earlier, Japan Gross Domestic Product (QoQ) For Q2 0.7% Vs. 0.8% Est.; -0.6% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's GDP for Q2 grew by 0.7%, slightly below the estimated 0.8%, but an improvement from the revised prior figure of -0.6%.
September 09, 2024 | 5:26 am
News sentiment analysis
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NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see a slight negative impact due to Japan's GDP growth being below expectations.
BBJP is directly tied to the performance of Japanese equities. The GDP growth being below expectations could lead to a minor negative sentiment towards Japanese stocks, affecting BBJP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF hedging against currency fluctuations in Japanese equities, might experience a slight negative impact due to the GDP miss.
DXJ's performance is linked to Japanese equities, and the GDP miss might lead to a slight negative sentiment, impacting the ETF.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
EWJ, an ETF representing Japanese stocks, may face a slight negative impact due to Japan's GDP growth not meeting expectations.
EWJ is directly affected by the performance of Japanese stocks. The GDP growth being below expectations could lead to a minor negative sentiment, affecting EWJ.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85