76 lede

Four by Miles Klee

RECENTLY, an economist, long considered a future Nobel laureate, proposed a curious codependency between two major stock market indices—the Nikkei 225, based in Tokyo, and the Dow 30 in New York. It appeared the Dow, closing at 4 p.m. Eastern Standard Time, unduly or “irrationally” influenced the open of the Nikkei three hours later, at 9 a.m Japan Standard Time.
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