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Tokyo Bourse’s Prime Section Debuts with 1,839 Firms – Nikkei

Tokyo Stock Exchange’s first revamp in 61 years seeks to draw overseas investors


Asian stock markets bounced back on Tuesday.
The Hang Seng and Nikkei both bounced back on Tuesday after an eight-day losing streak (Reuters file photo).

 

The Tokyo Stock Exchange overhauled its grouping of shares for the first time in six decades on Monday, seeking to attract overseas investors by offering a top tier of 1,839 blue chips that clear tougher hurdles for corporate governance than the old first section, Nikkei reported.

Tokyo stocks were mixed on the first day of trade amid crosscurrents of buying and selling. The Nikkei Stock Average whipsawed across the flatline after opening up 19.67 points, or 0.1%.

 

Read the full report: Nikkei Asia

 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.