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Benzinga
Benzinga
Business
Chandrima Sanyal

Trade War Or Trade Win? The Curious Case Of Surging Japan ETFs

Japan

In the global economy, tariffs are usually kryptonite for equity markets, particularly those of export-benchmarked economies. But on Wednesday, investors observing Japan ETFs saw a plot twist worthy of a geopolitical thriller.

Even though President Donald Trump declared a 15% tariff on Japanese imports, stocks such as the iShares MSCI Japan ETF (NYSE:EWJ), Franklin FTSE Japan ETF (NYSE:FLJP), First Trust Japan AlphaDEX Fund (NASDAQ:FJP), and WisdomTree Japan Hedged Equity Fund (NYSE:DXJ) surged sharply, with prices gaining 3.5%–5% by midday trading.

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