Tokyo Price Index - TOPIX

AAA

DEFINITION of 'Tokyo Price Index - TOPIX'

An index that measures stock prices on the Tokyo Stock Exchange (TSE). This capitalization-weighted index lists all firms that are considered to be under the 'first section' on the TSE, which groups all of the large firms on the exchange into one pool. The second section groups all of the remaining smaller firms.

INVESTOPEDIA EXPLAINS 'Tokyo Price Index - TOPIX'

The TOPIX is believed to be more representative of the Japanese stock markets than the Nikkei because of the more fair representation of price changes and the inclusion of all the largest companies on the exchange.

Currently, about 1,600 first section companies are listed on the TSE, along with 500 second section companies.

RELATED TERMS
  1. Kakaku Yusen

    The system of pricing that is used by the Tokyo Stock Exchange. ...
  2. Weighted Average Market Capitalization

    A stock market index weighted by the market capitalization of ...
  3. Index

    A statistical measure of change in an economy or a securities ...
  4. Nikkei

    Short for Japan's Nikkei 225 Stock Average, the leading and most-respected ...
  5. Tokyo Stock Exchange - TSE

    The largest stock exchange in Japan, headquartered in its capital ...
  6. Dow Jones Industrial Average - ...

    The Dow Jones Industrial Average is a price-weighted average ...
Related Articles
  1. 4 Ways To Use ETFs In Your Portfolio
    Mutual Funds & ETFs

    4 Ways To Use ETFs In Your Portfolio

  2. The Benefits Of ETF Investing
    Options & Futures

    The Benefits Of ETF Investing

  3. The Stock Market: A Look Back
    Economics

    The Stock Market: A Look Back

  4. Index Investing
    Mutual Funds & ETFs

    Index Investing

comments powered by Disqus
Hot Definitions
  1. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  2. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  3. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  5. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  6. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
Trading Center