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Market Scramble: Blue-chip slump spawns 'suckerfish investing'

TOKYO -- Investors are shunning exporters and other blue chips amid a strong yen in favor of shares expected to switch their listing to the Tokyo Stock Exchange's first section, aiming to grab the issues before an anticipated rise in demand.

A smaller-cap fund manager at a Japanese investment trust company cited Fuji Die, a manufacturer of wear-resistant tools made of cemented carbide, as a stock he picked up when it tumbled June 24 following Britain's vote to leave the European Union. Fuji Die is listed on the TSE second section.

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