TOKYO -- Nikkei on Monday launched a pair of new stock indexes that monitor the performance of companies dependent on demand in Japan and overseas, with both gauges starting out with gains.
The Nikkei 225 Domestic Exposure 50 Index, or Nikkei Domestic Exposure 50, consists of 50 companies with the lowest ratios of overseas sales among Nikkei Stock Average constituents. The Nikkei 225 Global Exposure 50 Index, or Nikkei Global Exposure 50, meanwhile, is made up of 50 companies with the highest percentages of foreign sales.
Using last week's final trading day as a baseline, the Nikkei Domestic Exposure 50 rose 177.38 points, or 0.97%, on Monday to close at 18,457.89. The Nikkei Global Exposure 50 climbed 399.16 points, or 1.63%, to close at 24,776.72.
Japanese stocks rose almost across the board on Monday as concerns over an economic slowdown in the U.S. and China eased.
The Nikkei Global Exposure 50 rose at a faster pace than the broader Nikkei average, which increased 1.36%. This suggests that Global Exposure issues led the uptrend in the Japanese market.
Nikkei's official index site offers the details of the new indexes, such as the component stocks and calculation points.