Streetbeat News

EWJ

iShares MSCI Japan ETF

http://www.ishares.com

Industry

Asset Management

The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The underlying index is designed to measure the performance of the large- and mid-capitalization segments of the Japanese equity market.

Open

67.50

Mkt cap

15B

Volume

5.6M

High

67.56

P/E Ratio

13.67

52-wk high

73.24

Low

67.25

Div yield

0.02

52-wk low

60.62

Japan's capital spending for Q4 surged to 16.4%, significantly exceeding the estimated 2.9% and the prior 3.4%, indicating a robust investment environment in Japan.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:29 am

The Fed's preferred inflation gauge, PCE, rose significantly, leading to a positive reaction in the stock market, particularly in AI stocks like C3.ai Inc, and Bitcoin. The PCE data showed deflation in goods but inflation in services. Aggressive buying was also seen in small caps, as indicated by the iShares Russell 2000 ETF. The article also discusses global economic influences, including Bank of Japan's interest rate signals and Putin's nuclear threats. Positive money flows were noted in major tech stocks, while Amazon showed negative flows. Gold, oil, and Bitcoin saw aggressive buying, with Bitcoin nearing $64,000 again.

Portfolio Pulse from The Arora Report

February 29, 2024 | 4:46 pm

Japan's Industrial Production for January decreased by 7.5%, more than the estimated 6.7% decline, contrasting with the 1.4% increase in the prior month. This significant drop may influence investor sentiment towards Japan-focused ETFs such as BBJP, DXJ, and EWJ.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 5:15 am

The Bank of Japan's Core Consumer Price Index (CPI) year-over-year has been reported at 2.6%, which is higher than the estimated 2.3% but remains the same as the prior figure.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 5:12 am

Japan's National Core Consumer Price Index (CPI) for January reported at 2.0%, slightly above the estimated 1.9% but below the previous 2.3%.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:49 am

The U.S. is aiming to strengthen defense industrial cooperation with Japan and India, among other Indo-Pacific partners, to enhance supply chain resilience against threats such as China, according to a senior Pentagon official. This move is seen as a strategic effort to bolster a strong industrial base as a deterrent.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 6:08 pm

Warren Buffett, in a letter, stated that Berkshire Hathaway plans to maintain its investments in the Japanese trading houses Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo indefinitely, signaling long-term confidence in these companies.

Portfolio Pulse from Charles Gross

February 24, 2024 | 1:37 pm

Japan is set to provide approximately $4.85 billion in subsidies for TSMC's second chip plant in Kumamoto, aiming to enhance domestic chip production competitiveness. The subsidies, announced during the opening of TSMC's first Kumamoto plant, support the construction of a facility that will produce more advanced 6-nanometer chips. This move is part of Japan's broader strategy to bolster its semiconductor industry, with TSMC investing over $20 billion in both plants. The plants are expected to significantly contribute to technologies like autonomous driving and AI.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:16 pm

The au Jibun Bank Japan Services Purchasing Managers' Index (PMI) for Japan showed a preliminary reading of 52.5, a slight decrease from the prior 53.1. This indicates a modest slowdown in the services sector's growth.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:28 am

Japan's trade balance for January reported a deficit of -1,758.3 billion yen, better than the estimated -1,925.9 billion yen but a significant drop from the previous 68.9 billion yen surplus.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:39 am

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