Reported Earlier, Japan Gross Domestic Product (YoY) For Q2 2.9% Vs. 3.1% Est.; -2.4% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's GDP growth for Q2 was reported at 2.9% year-over-year, slightly below the estimated 3.1%, but an improvement from the revised prior figure of -2.4%.
September 09, 2024 | 5:27 am
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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 short-term negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that hedges currency exposure to Japanese equities, might experience a slight negative impact due to lower-than-expected GDP growth.
DXJ's performance is linked to Japanese equities, and the GDP miss could lead to a short-term negative reaction in the market.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
EWJ, an ETF tracking Japanese stocks, may face a slight negative impact due to Japan's GDP growth missing expectations.
EWJ is directly affected by the performance of Japanese stocks. The GDP growth miss could result in a short-term negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85