Japan's little-known Nikkei 500 hits record high, outperforms US S&P 500

SYDNEY : The Nikkei 225 share average, Japan's best-known stock benchmark, on Monday still stood 40% below its historic peak hit three decades ago, while its lesser-known sibling, the Nikkei 500, surged past its previous peak to a record high. The Nikkei 500 has gained 7.7% so far this year, compared with a 0.6% fall in the Nikkei 225. In dollar terms, the 500 has risen more than 11%,...