The Nikkei 225 rose at the open (+¥513) before reversing lower and trading in negative territory during the morning session. By contrast, TOPIX was modestly higher and remained relatively firm, resulting in divergent performance between the indices.
The Nikkei 225 rose at the open before reversing lower and trading in negative territory during the morning session.
TOPIX was modestly higher and remained firm, in contrast to the Nikkei 225.
When the indices diverge in strength, stock-selection themes can shift between export- and growth-oriented stocks and domestic-demand- and value-oriented stocks, while short-term funds tend to flow toward individual stocks and investment themes.