Reported 3 months ago
On November 20, 2024, the Tokyo stock market experienced sharp rallies for certain companies, including Seven & i Holdings and Tokyo Gas, amid overall losses for the benchmark Topix index. This surge was fueled by reports of buyout proposals and increased stakes from activist investors, highlighting a growing trend in individual stock movements in Japan's market. Notably, Seven & i's shares jumped 11% as talks of a potential takeover by its founding family emerged, while Tokyo Gas saw a 15% rise following Elliott Investment Management's acquisition of a significant stake. These developments reflect a shift in investor focus towards opportunistic buying in response to activism.
Source: YAHOO