Nikkei 225 Beats Topix by Most in 20 Years on ‘Abnormal’ Move
- Blue-chip stock gauge is outperforming due to certain stocks
- Nikkei 225 seen as flawed because it is price-weighted
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In Japanese equities, a gauge of the country’s biggest shares is beating the general market by the most in two decades.
The closing price of the blue-chip Nikkei 225 Stock Average was 13.4 times that of the broad Topix index on Nov. 29, the highest level for the measure known as the NT ratio since 1998.