Donald Trump’s growing lead in the U.S. presidential race has sparked a rush to identify the key winning trades in global markets. History suggests that Japanese stocks are a good bet.
Japan’s Topix index gained almost 30% in dollar terms in the one-year period after the 2016 U.S. presidential election that Trump won, beating the S&P 500 and the MSCI World index, which each rose roughly 20%.
Strategists say the boost from a weak yen will give Japanese shares a leg up, just as funds seek alternatives to Chinese equities in anticipation of a tougher Trump stance toward Beijing.
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