The medium and longer term outlooks for Japanese equities ‘remain very positive’, Lazard Asset Management says
The buying binge has enlarged five funds issued by Chinese firms to 1.54 billion yuan (US$215 million), Bloomberg data shows
Chinese investors have been piling billions of yuan into exchange-traded funds (ETFs) that track Japanese stocks, fuelling a bull run that has helped Tokyo’s benchmark index surpass its counterpart in Shanghai.
A weak start to the year for Chinese stocks has prompted some investors to shift to other markets with a brighter outlook in Asia and globally. Japan’s Nikkei 225 index, as well as the Topix gauge of a broader pool of stocks on the Tokyo exchange, has hit the highest levels since 1990 as the country has managed to walk out of deflation. Japan’s bourse operator has also taken a slew of initiatives that require listed companies to return more value to shareholders.
Chinese investors fuel Nikkei 225 bull run, pour US$215 million into ETFs tracking Japanese stocks
The medium and longer term outlooks for Japanese equities ‘remain very positive’, Lazard Asset Management says
The buying binge has enlarged five funds issued by Chinese firms to 1.54 billion yuan (US$215 million), Bloomberg data shows
Chinese investors have been piling billions of yuan into exchange-traded funds (ETFs) that track Japanese stocks, fuelling a bull run that has helped Tokyo’s benchmark index surpass its counterpart in Shanghai.
A weak start to the year for Chinese stocks has prompted some investors to shift to other markets with a brighter outlook in Asia and globally. Japan’s Nikkei 225 index, as well as the Topix gauge of a broader pool of stocks on the Tokyo exchange, has hit the highest levels since 1990 as the country has managed to walk out of deflation. Japan’s bourse operator has also taken a slew of initiatives that require listed companies to return more value to shareholders.
Source: https://twitter.com/DaltonHogarth/status/1745758938694328627
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