Today, seems like everybody wants to know about Japan stock market. Some opportunistic investors said that this week is as a buying opportunity for Japan stock market.
Japanese stock market, especially for trading volumes in exchange traded funds, have rocketed this week following last Friday’s earthquake and tsunami. This condition is also strenghted by worsening crisis at the damaged Fukushima nuclear plant.
Still about stock market, this week, the iShares MSCI Japan fund, the largest ETF has attracted net inflows of $1.1bn so far excluding Friday. Japanese stock market recorded its third worst day on record with the Nikkei 225 dropping 10.6 per cent, the iShares MSCI Japan fund registered a record daily inflow of $650.7m on March 15.
Investors chose to increase their bets on further weakness for the Japanese stock market as short interest in EWJ which has also moved higher. The quantity of EWJ units out on loan rose from just over 12m one day before the earthquake to 31.4m on March 16.
The increase in short-interest needed to be viewed relative to the large increase in net new assets and in shares outstanding for EWJ, up from 555.6m shares on March 10 to 665.4m on March 17, said Global head of ETF research and implementation strategy at BlackRock, Deborah Fuhr.
That’s the recent news about Japan stock market. We still collect the update news about Japan stock market to post for you.
0komentar:
Posting Komentar