Tokyo stock market thriving, Nikkei 225 surpasses 1989 peak
Financial Times — March 28, 2024, 03:00 AM UTC
Summary: The Tokyo stock market is thriving, with the Nikkei 225 Average surpassing its 1989 peak and gaining nearly 22% in 2024. Hedge funds, accustomed to Japan's reliable mean reversion, now face challenges in a momentum-driven market. Shareholder activism and global investors are reshaping the landscape. Multi-manager platforms like Citadel and Millennium are adapting to this new environment. Momentum is shifting towards Japan from China.
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