Shares in Japan Slump as Bankruptcies Rise
Tweet
Share
E-mail
iShares MSCI Japan ETF (NYSE: EWJ) is expected to open lower as shares in Japan slumped overnight, with the Nikkei losing 2.09 percent. The downturn wiped out gains from Thursday making the index mostly flat on the week. Shares of Sony (NYSE: SNE), Nissan, and Toyota (NYSE: TM) were all down.
GDP in Japan for the first quarter was slightly higher than expected, showing growth of at 4.7 percent on an annualized basis vs. 4.5 percent expected. But the number of bankruptcies in Japan increased 7.2 percent in May vs. a decline of 6.7 previous.
GDP in Japan for the first quarter was slightly higher than expected, showing growth of at 4.7 percent on an annualized basis vs. 4.5 percent expected. But the number of bankruptcies in Japan increased 7.2 percent in May vs. a decline of 6.7 previous.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tradr plans two inverse ETFs targeting Oracle and Applied Optoelectronics
- Aletheia on BoJ tightening calming inflation concerns: 'You would have to believe in fairies too if you were to swallow any of that'
- Crude Inventory Rose 3 Million Barrels Last Week - EIA
Create E-mail Alert Related Categories
ETFsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
