The Tokyo Stock Exchange (TSE):
- The Tokyo Stock Exchange is Japan’s Stock Exchange. It’s also called as TSE.
- TSE is located in Tokyo, Japan.
- TSE is the world's 3rd largest stock exchange by market capitalization.
- TSE is Asia’s largest stock exchange by market cap.
- On 1 June 1878 trading began in TSE.
- TSE’s total market capitalization is $5.67 trillion as of February 2019.
- Over 2300 companies are publicly listed on TSE.
TSE has its some own indices.
- TOPIX
- Nikkei 225
History of the Tokyo Stock Exchange:
TSE was established on 15 May 1878, as the Tokyo Kabushiki Torihikijo under the direction of
that time’s finance minister Okuma Shingenobu and capitalist Shibusawa Elichi.
In TSE, Trading started on 1 June 1878.
The Tokyo Stock Exchange was combined with ten other stock
exchanges in the major cities of Japan to form A single Japanese Stock Exchange
in 1943. After the bombing of Hiroshima and Nagasaki, the Tokyo Stock Exchange
was shut down and reorganized in a short time.
On May 16, 1949, the Tokyo Stock Exchange reopened under
its current Japanese name, towards its new Securities Exchange Act.
From 1983 to 1990 the TSE’s run-up was extraordinary. It
accounted for more than 60% of the world’s stock market capitalization in 1990,
before TSE falling rashly in value and from rank 1 to rank 4 in the world’s
stock exchange by market capitalization.
The Tokyo Stock Exchange recognized itself as a Stock
Exchange in 2001, before this time, the Tokyo Stock Exchange was known as an
incorporated association.
On 1 November 2005, The Tokyo Stock Exchange was able to
operate only 90 minutes, due to some internal fault and bugs of the newly
installed transaction system. On this day trading was suspended for four and a
half hours. It reported as the worst day in the Tokyo Stock Exchange’s history.
The Tokyo Stock Exchange’s index Nikkei 225 fell 2.8% on
17 January 2006, it was the faster drop in the last nine months. It drops occur
because of only one reason that the wake of a raid by prosecutors on Livedoor,
which was an internet company. Due to threatening of trade volume exceeding
limit the Tokyo Stock Exchange was closed on 18 January 2006.
Trading Hour:
The Tokyo Stock Exchange’s normal trading
sessions are from 9:00 a.m. to 11:30 a.m. and from 12:30 p.m. to 3:00 p.m. on
the Japan timing.
The TSE closed on all Saturdays and Sundays
and holidays, which was declared by the TSE in advanced. There are some holidays
described when TSE remain closed. These holidays like
|
Autumnal Equinox
|
Children’s Day
|
Coming of Age Day
|
|
Constitutional Memorial Day
|
Culture Day
|
Greenery Day
|
|
Health and Sports Day
|
Labour Thanksgiving Day
|
Marine Day
|
|
New Year’s Day
|
National Foundation Day
|
Respect for the Aged Day
|
|
Showa Day
|
Vernal Equinox Day
|
and The Emperor’s Birthday
|
Indices of Tokyo Stock Exchange:
There are many indices of Tokyo Stock
Exchange.
Major indices are mentioned below.
- TOPIX
- JPX-Nikkei Index 4000
- JPX-Nikkei Mid and Small Cap Index
- Tokyo Stock exchange Second Section Stock price index
- Tokyo Stock Exchange Mothers Index
- JASDAQ Index
- Tokyo Stock Exchange REIT Index
- Tokyo Stock Exchange Infrastructure Fund Index
- TOPIX total return Index
Nikkei 225:
- Nikkei 225 is the index of the Tokyo Stock Exchange. Since 1950, The Nihon Keizei Shimbun (Nikkei) calculates the index on a daily basis.
- Nikkei is the most widely used average of Japanese Stocks.
- The calculation of Nikkei 225 started on 7 September 1950.
- Nikkei 225 is a price-weighted average index, which contains different sectors well established 25 companies.
- In 1986, Nikkei Futures was launched in Singapore, and in 1999, it was launched in Chicago Mercantile Exchange.
- On 5 June 2020, Nikkei 225 at 22,695.74 points.
|
No.
|
Year
|
Change(%)
|
|
1
|
2000
|
−27.19
|
|
2
|
2001
|
−23.52
|
|
3
|
2002
|
−18.63
|
|
4
|
2003
|
24.45
|
|
5
|
2004
|
7.61
|
|
6
|
2005
|
40.24
|
|
7
|
2006
|
6.92
|
|
8
|
2007
|
−11.13
|
|
9
|
2008
|
−42.12
|
|
10
|
2009
|
19.04
|
|
11
|
2010
|
−3.01
|
|
12
|
2011
|
−17.24
|
|
13
|
2012
|
22.94
|
|
14
|
2013
|
56.72
|
|
15
|
2014
|
7.12
|
|
16
|
2015
|
9.07
|
|
17
|
2016
|
0.42
|
|
18
|
2017
|
19.10
|
|
19
|
2018
|
−12.08
|
|
20
|
2019
|
18.20
|
TOPIX:
- TOPIX is another major index of the Tokyo Stock Exchange.
- TOPIX is a free-float market capitalization-weighted index of the Tokyo Stock Exchange, which is calculated all the domestic common stock listed on the Tokyo Stock Exchange first section.
- TOPIX is measured overall mood or trend of the stock market.
- TOPIX is used as a benchmark for investment in Japanese stocks.
- 4 January 1968’s market capitalization is considered as the base date for assuming current market capitalization.
- TOPIX’s base is considered as 100 points.
- On 5 June 2020, TOPIX at 1603.82 points.
There is
another index called TOPIX core 30, which considered the top 30 more liquidized
and market capitalization companies.
|
No.
|
Company Name
|
Industry name
|
|
1
|
Astellas
Pharma Inc.
|
Pharmaceutical
|
|
2
|
Canon
|
Electronics
|
|
3
|
Central
Japan Railway Co.
|
Private
railway
|
|
4
|
Daiichi
Sankyo
|
Pharmaceutical
|
|
5
|
East
Japan Railway Co.
|
Rail
transport
|
|
6
|
Fanuc
Corp.
|
Manufacturing
Robotics
|
|
7
|
Hitachi
|
Conglomerate
|
|
8
|
Honda
Motor
|
Automotive
|
|
9
|
Japan
Tobacco
|
Tobacco
industry
|
|
10
|
KDDI
Corp.
|
Telecommunication
|
|
11
|
Kao
Corp.
|
Personal
care, Cosmetics
|
|
12
|
Keyence
|
Electronics
|
|
13
|
Mitsubishi
Corp.
|
Conglomerate
|
|
14
|
Mitsubishi
Estate
|
Real
estate
|
|
15
|
Mitsubishi
UFJ Financial
|
Banking,
Financial services
|
|
16
|
Mitsui
|
Financial
services
|
|
17
|
Mizuho
Financial
|
Financial
Services
|
|
18
|
Murata
Mfg Co
|
Electronic
components
|
|
19
|
NTT
Docomo, Inc.
|
Telecommunications
|
|
20
|
Nintendo
|
Video
game industry, Consumer Electronics
|
|
21
|
Nippon Telegraph
& Telephone Corp
|
Telecommunications
|
|
22
|
Recruit
Holdings
|
Published
media
|
|
23
|
Seven
& i Holdings
|
Retailing
|
|
24
|
Shin-Etsu
Chemical
|
Chemicals
|
|
25
|
Softbank
Group Corp.
|
Conglomerate
|
|
26
|
Sony
|
Entertainment,
Television
|
|
27
|
Sumitomo
Mitsui Financial
|
Financial
services
|
|
28
|
Takeda
Pharmaceutical
|
Pharmaceuticals
|
|
29
|
Tokio
Marine Holdings, Inc.
|
Insurance
|
|
30
|
Toyota
Motor
|
Automotive
|
*There is only the company name of
TOPIX core 30 as of 2019.
Thank You.
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