Japan still becomes a trend news today. Japan ETF tops the list with news that they were working to connect outside power cables and the electricity could be restored today.
This morning, the hard-hit iShares MSCI Japan ETF (EWJ) is up 6% after operators of the troubled Fukushima Daiichi nuclear power plant said about the restoring power.
Earlier in the day, Japanese shares had been down in local markets by as much as 5%. Then, about 15 mintues ago, the Japan ETF set a new intra-day high at $10.18 a share. Today, the iShares MSCI Japan Small Cap ETF (SCJ) is also doing well. It’s up more than 7%.
Recent news, despite some calls from foreign brokerages to halt activity, The Tokyo Stock Exchange said it’ll keep trading open. Bank of Japan also continued to intervene to help support a rising yen. Today, yen is spiked to a record high against the dollar. And it becomes a hard news on finance.
Other recent news said that the iShares MSCI Japan fund, the largest ETF linked to the Japanese stock market which is listed outside of Tokyo, has attracted net inflows of $1.1bn so far this week (excluding Friday).
You should keep on eye for latest news about Japan ETF and Japan stock market. We’ll provide the update soon.
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