An exchange traded fund (ETF) that invests in Japanese stocks was down more than 1% Thursday on reports of another earthquake in the hard-hit country.

The $7 billion iShares MSCI Japan Index Fund (NYSEArca: EWJ) was lower by 1.3% at last check. The Japan ETF closed Wednesday with a year-to-date loss of nearly 10%.

U.S. stock ETFs moved into the red following the first hour of trading Thursday morning.

SPDR S&P 500 ETF (NYSEArca: SPY) was lower by 0.7% in recent action.

A tsunami warning was issued in Japan following the quake, according to reports.

iShares MSCI Japan

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