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Finance & Markets

Tokyo Market Closed as Yen Intervention Watch Dominates Silver Week

Tokyo’s stock market was closed on September 21 for Respect for the Aged Day, leaving the Nikkei 225 without a cash close after finishing the previous session at 65,019. Currency and futures markets focused on the yen, the Bank of Japan’s latest rate hike, and intervention risks during Japan’s Silver Week holiday. The Tokyo Stock Exchange was shut as Japan entered a three-day market holiday running through September 23.

Brief written by urgent.news from News On Japan's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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Aberdeen eyes $200m for new fund of hedge funds

Aberdeen Investments is preparing to launch a concentrated fund of hedge funds aimed at giving institutional and private-banking investors access to a selected group of established managers, with an…

  • Aberdeen to launch $200m fund for hedge funds, named Hedge Fund Legends.
  • Focus on eight to ten hedge funds with diverse investment strategies.
  • Aim to generate absolute US dollar return of cash plus 5%.

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