Precidian MAXIS Nikkei 225 Index ETF (NKY) - NYSEARCA
NKY is defunct since March 11, 2016. Shuttered due to lack of investor interest
  • May 23, 2013, 9:07 PM
    A rebound in Tokyo sees the Nikkei (EWJ) gaining 3% in early action following yesterday's 7% dive. A weaker yen (FXY) is helping, dollar/yen gaining 0.4% to ¥102.37.
    | May 23, 2013, 9:07 PM | 6 Comments
  • May 23, 2013, 4:42 AM

    Even Japanese stocks are subject to the law of gravity (who knew?) as a confluence of factors sends the Nikkei (EWJ, DXJ) plunging 7.3% on the session (the swing from intraday high to low was ~9%). Yields on JGB 10s (JGBL) spiked above 1% at one point as an already skittish and volatile market was further rattled by what have generally been perceived as hawkish comments out of Ben Bernanke and other Fed officials on Wednesday. Yields pulled back in late trading. Compounding the problem for Japanese stocks was the yen (FXY), which has strengthened some 2% against the dollar to 101.16 most recently. (See also: China HSBC flash PMI shows contraction)

    | May 23, 2013, 4:42 AM | 8 Comments
  • May 20, 2013, 4:57 AM

    The Japanese economy is slowly improving, the government says, pointing to evidence that exports and factory output are beginning to show signs of life. The upgraded economic assessment is the first upbeat report in two months. Additionally, Reuters Tankan survey showed a sixth consecutive month of improving manufacturer sentiment in Japan, as exporters cheer the weak yen. The index printed at 7, the first positive read in more than a year. The country's Economics Minister says the stage is set for a "V-shaped recovery." The rosy outlook was enough to boost the Nikkei (EWJ, DXJ)) 1.47% on the session.

    | May 20, 2013, 4:57 AM
  • May 16, 2013, 6:26 AM
    Unexpectedly weak capital spending marred an otherwise decent Japan GDP report, weighing on the Nikkei (EWJ, DXJ), which fell 0.39% but still held onto the 15,000 level. The yen (FXY) was firm against the dollar for most of session, trading around ¥102, but has since lost ground, falling 0.40% to ¥102.60.
    | May 16, 2013, 6:26 AM
  • May 15, 2013, 3:26 PM

    The Japanese bull market is too big of a deal to try and get cute, says Jeff Gundlach (video), advising not to try and time a market up 66% in 6 months. If QE is your reason for owning U.S. stocks, he says, why not pile into Japan (EWJ) where the asset purchase program is far larger? Maybe as leveraged as anything to the Japanese bull market is American ETF provider WisdomTree (WETF +3.5%), more than doubling this year as its hedged Japan equity fund (DXJ) reels in billions in assets.

    | May 15, 2013, 3:26 PM | 4 Comments
  • May 15, 2013, 7:32 AM
    The Nikkei (EWJ, DXJ) soared another 2.3% overnight to top 15K for the first time since 2007 as the yen (FXY) slid 0.3% to a new multi-year low of ¥102.65. Leading was Sony (SNE), up 10% following Dan Loeb's push for a breakup. Toyota (TM) paced the exporters with a 3.7% gain. JGBs (JGBL) were calm, the yield on the 10-year flat at 0.86%.
    | May 15, 2013, 7:32 AM | 4 Comments
  • May 14, 2013, 7:21 AM
    An early look at the BAML May fund manager survey shows hedge fund equity exposure (VTI) at the highest in 7 years, +45%. Commodity exposure (DBC) is a negative 29%. Cash is at 4.3%. Sectors: It's a record-low exposure to energy (XLE) at -17%. Japan (EWJ, DXJ) at +31% is the highest in 7 years.
    | May 14, 2013, 7:21 AM | 1 Comment
  • May 13, 2013, 4:56 AM

    The yen (FXY) continues its slide , falling to a new four-and-a-half year low against the dollar, helping the Nikkei (NKY) post another triple-digit gain on the session, rising 1.2% to 14782, its highest level since January 2008. The weak yen comes on the heels of the G7's reportedly amicable meeting over the weekend, at which officials were generally supportive of the BOJ's policies and reiterated that Japan's goal is to fight deflation not engage in the targeting of exchange rates.

    | May 13, 2013, 4:56 AM | 4 Comments
  • May 12, 2013, 9:49 PM

    In Japan, the Nikkei (NKY) scales yet another new five-year high, rising 1.39% ahead of key Chinese economic data.

    | May 12, 2013, 9:49 PM
  • May 8, 2013, 4:33 AM

    Fears that flagging demand in the U.S. and Europe would weigh heavily on China's trade data didn't play out, as exports grew 14.7% in April, helping the country swing to a surplus of $18.16B after posting a slight deficit in March. The data surprised analysts, even as some say the numbers may be inflated: "This probably reflects some overinvoicing [as] it was inconsistent with cargo volumes," one economist tells WSJ. Nevertheless, the data serves to buoy regional markets as the Nikkei (NKY) continues its ascent in Japan, rising 0.74% to yet another new five-year record high.

    | May 8, 2013, 4:33 AM
  • May 7, 2013, 4:37 AM

    In Japan, stocks (EWJ) come off a long weekend well-rested and promptly rally to near five-year highs as the Nikkei surges 3.55% on the back of Friday's strong U.S. jobs data. Meanwhile, Australia's central bank cut rates by 25 basis points, sending the aussie (FXA) down 0.6% to two month lows against the dollar.

    | May 7, 2013, 4:37 AM | 5 Comments
  • Apr. 22, 2013, 2:55 PM

    The rally in Japanese equities is just getting started, Morgan Creek's Mark Yusko told a Grant's conference last week. Stocks there remain cheap by any number of metrics and, a bonus, companies have dealt with persistent deflation by relentlessly slashing costs - meaning strong profits on any incremental business. All that's needed is a little growth and "Abenomics" should cure that. DXJ +27.5% YTD.

    | Apr. 22, 2013, 2:55 PM | 3 Comments
  • Apr. 16, 2013, 10:48 AM
    Bumping its position in Japanese equities to 16% overweight from 6%, Credit Suisse says stock prices remain cheap, there is little constraint on how much the BOJ can pump, and it will do so until dollar/yen hits ¥110. Watch money pour into stocks, says CS, once pension funds and retail investors realize inflation is set to rise.  EWJ +16% YTD.
    | Apr. 16, 2013, 10:48 AM
  • Apr. 16, 2013, 8:28 AM

    After continuing to strengthen sharply in early trade overnight, the yen is back in full retreat, down more than 1% vs. the dollar which is now buying ¥97.88. Along with the big reversal came a big swing in the Nikkei, which fell more than 2% at one point, but closed down just 0.4%. FXY -1.1%, EWJ +0.6%, DXJ +0.5% premarket.

    | Apr. 16, 2013, 8:28 AM
  • Apr. 12, 2013, 1:20 AM

    All aboard the Kuroda easy money bandwagon: Goldman upgrades Japanese equities looking for a 20% upside to Nikkei 16,000. The BOJ has launched a "credible attack on deflation" and the economy will "emerge from an environment of falling to rising prices." Furthermore, domestic "retail investors are gradually beginning to sniff around looking" for yield. 

    | Apr. 12, 2013, 1:20 AM
  • Apr. 11, 2013, 3:54 AM
    The Nikkei jumps 2% to 13,549.16, its highest close since July 2008, as the Bank of Japan's aggressive easing policy continues to turbo charge the market. The yen is up a bit vs the dollar, but is at 99.67 and still threatening 100. Meanwhile, other Asian shares are mixed. Hong Kong +0.2%, China -0.3%, India +0.2%.
    | Apr. 11, 2013, 3:54 AM
NKY Description
The MAXISSM Nikkei 225 Index ETF seeks to provide investments results that correspond generally to the price and yield performance, before fees and expenses, of publicity traded securities in the Japanese market, as measured by the Nikkei 225 index.
See more details on sponsor's website
Country: Japan
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