The Nikkei Average fell 0.44%, while TOPIX rose 1.54%, with the indices moving in opposite directions. It was reported that the gap between the two indicators widened during the day.
The Nikkei Average fell 0.44%, while TOPIX rose 1.54%, with the two indices moving in opposite directions.
The gap in direction between the indices widened, suggesting a phase of fund inflows into a broad range of stocks, including TOPIX constituents. It was noted that benchmark differentials and sector allocation are more likely to affect portfolio performance in such conditions.
Yahoo! Finance index information and stock news were cited as sources.