The continuing crisis in Japan caused Japanese equities to fall sharply on Monday and stocks continued their slide on Tuesday.
![EWJ](https://etfmarketpro.com.s187837.gridserver.com/wp-content/uploads/ewj-mar2011-300x292.gif)
The largest exchange traded fund focused on Japan, the iShares MSCI Japan Index Fund (EWJ), fell 7% on Monday. The ETF is likely to continue to decline in Tuesday’s trading as the Nikkei index fell another 11% before U.S. markets opened this morning.
EWJ tracks an index that measures the performance of the Japanese equity market aiming to capture 85% of the publicly available total market capitalization. Top holdings include Toyota Motor, Honda Motor,Mitsubishi UFJ Financial, and Canon.
Nuclear power plant explosions and threat of a nuclear melt down have rocked Japan following a massive earthquake and tsunami that struck the country last Friday.
For a complete list of country ETFs, please visit the ETF Directory.
– ETF MarketPro Staff
March 15, 2011