Crisis in Japan

The continuing crisis in Japan caused Japanese equities to fall sharply on Monday and stocks continued their slide on Tuesday.

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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 MotorHonda 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