U.S.-listed exchange traded funds (ETFs) investing in Japanese stocks were on tap to open flat Tuesday after the country upgraded its nuclear crisis to the same level as Chernobyl in 1986.
The $7.2 billion iShares MSCI Japan Index Fund (NYSEArca: EWJ) lost nearly 1% on Monday following an aftershock that hit near Tokyo.
On Tuesday, the Nikkei Stock Average slipped almost 2% in local trading after Japan said its nuclear disaster rivals Chernobyl.
Japan’s economics minister said the massive earthquake’s economic impact is greater than first estimated.
The iShares MSCI Japan was down 8.3% for the month ended April 11, according to Morningstar.
iShares MSCI Japan
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