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Notable ETF Movers of the Day 11/15: (EWJ) Higher; (TAN) (GDX) Lower

November 15, 2012 3:19 PM EST Send to a Friend
Gainers:

iShares MSCI Japan Index (NYSE: EWJ) gained 1.37 percent on Thursday in heavy volume. Japan is set to hold elections and reports say opposition leader Shinzo Abe is set to intact bold new monetary easing efforts in order to stimulate the economy. Shinzo may also be hoping to weaken Japan's currency as way to boost manufacturing. CurrencyShares Japanese Yen Trust (NYSE: FXY) reacted to the news by falling 1.15 percent as the dollar gained strength.

Decliners:

Guggenheim Solar ETF (NYSE: TAN) declined 3.44 percent. Shares of GT Advanced Technologies (Nadaq: GTAT) declined over 5 percent. Overall, it has been a difficult 5 days for TAN. The ETF is down 10 percent with broad weakness in companies such as First Solar (Nasdaq: FSLR), Suntech Power Holding (NYSE: STP) and others.

Market Vectors Gold Miners ETF (NYSE: GDX) declined 2.3 percent. Gold miners suffered another day of declines as investors sought safety in other assets. AngloGold Ashanti (NYSE: AU) was among the decliners, lower by 3 percent into the close on Thursday.




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