Asian shares outshine their advanced-economy peers
Asia300 Index jumps 17% in first 6 months while developed-market stocks gain 12%
KENTA SHINOZAKI, Nikkei staff writer
TOKYO The Nikkei Asia300 Index, which tracks 300 high-profile Asian companies, recorded a 17% gain since its debut six months ago.
The index stood at 1052.97 when it first started on December 1, 2016. After slumping briefly out of the gate, it shot up to 1229.14 on May 31. This was far better performance than the 12% gain logged by stocks in advanced economies.
The Nikkei analyzed gains in dollar-denominated market capitalization scored by the composite stocks from the index's debut on December 1 through the end of May.
According to Goldman Sachs Group, foreign investors have been net buyers to the amount of $27.6 billion since the start of 2017.