Private Investor's Diary Portfolio 

Getting the best out of biotech

Getting the best out of biotech

The bull market rolls on. The Nikkei 225 was the standout market in October, gaining 8.1 per cent following the re-election of prime minister Shinzo Abe. Japan looks good value in absolute and relative terms and, following the election, is one of the few major western countries with strong and stable government. The Nikkei 225 is at its highest since January 1992. Mind you, it still has another 69 per cent to go to exceed its December 1989 peak. That will call for some celebration. The Indian Sensex gained +6.2 per cent, the Dow Jones Industrial +4.3 per cent the DAX +3.1 per cent, and the FTSE All-Share (TR) Index +1.9 per cent, all finishing the month at or within a whisker of all-time highs.

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