Soaring Japanese equities offer investors cozy distance from troubled China

News Snapshot:

As economic and geopolitical woes spur an exodus of investors from China, many have been redirecting money into Japan, giving the benchmark Nikkei an extra boost as it rockets to all-time highs. While some investors just want to say goodbye to Japan’s troubled neighbor in embracing the land of the rising sun, paradoxically, those seeking to harness the two countries’ close economic ties at a cozy distance are winning handsomely. Nikkei heavyweights with a significant presence in China, such as chip giant Tokyo Electron and Uniqlo parent company Fast Retailing are soaring, having gained 126% and 63%, respectively, over the...