In this video fund manager Andrew Rose looks at whether the recent volatility in global markets might signal the end of the rally in Japanese shares.
23.09.2015 | 16:21 Uhr
For much of 2015 the Japanese stockmarket has been the beneficiary of a benign economic and political backdrop, specifically:
As a result Japan has been one of the best performing stockmarkets year-to-date, in both local currency and in sterling.
That changed recently when Japanese equities finally succumbed to the sell-off in global markets, which has left the shares down about 10% from where they were just a few weeks ago (the Nikkei hit an August closing high of 20808.69. On September 18 it closed at 18070.21)
Does this represent the end of the stockmarket rally?
Japanese shares have been in the ascendency since Prime Minister Abe came to power about two and a half years ago. The newsflow, however, has turned less positive:
At the same time it’s worth remembering that there are significant positives:
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