June stock market also ended the month with direction-less trading, after large swings up and down led by the U.S. stock market. The CG Top 20 stock index largely outperformed while both the TOPIX and JPX400 indexes declined.
After falling in mid-June on the back of the U.S. stock prices decline due to a rise in the U.S. CPI, Japan’s market was expected to continue its rebound phase in the second half of the month due to a sense of buying on declining.
While both TOPIX and JPX400 weakened -2.08% and -2.42% in June respectively, the CG Top 20 rose +1.03% and outperformed both indices significantly.
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