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Foreign investors miss out on Nikkei stock index rally

Strategists say this group is focusing on markets such as Europe, which has attractive valuations and less political risk

The Nikkei 225 has risen 35% from a 20-month low in June last year, while the Jasdaq index and the Tokyo Stock Exchange Second Section gauge of smaller stocks are hitting record levels this week.


AS THE Nikkei 225 stock index rises towards its highest level in more than two decades, one group of investors has surprisingly missed out.

Since the start of 2016, foreigners have offloaded some US$27 billion in the Asian country's equities. While they were initially right...

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