The Tokyo Stock Exchange (Tōkyō Shōken Torihikijo), abbreviated TSE, is the fourth largest stock exchange in the world by aggregate market capitalization of its listed companies. In April 2015, the combined market capitalization of its listed companies was the equivalent of $4.09 trillion USD.
The TSE is headquartered at 2-1 Nihonbashi-kabutocho, Chūō, Tokyo. The area around the exchange is Japan’s largest financial district.
The currency used for trading at TSE is the Japanese yen.
Trading hours and days
The normal trading session for the Tokyo Stock Exchange is 09:00 – 11:30 and 12:30 – 15:00 local time. Certain bond securities are only traded during the afternoon session.
The exchange is closed on Saturdays and Sundays, and on Japanese holidays announced by the exchange in advance.
Examples of Japanese holidays when the exchange is normally closed:
- New Year’s Day
- Coming of Age Day
- National Foundation Day
- Vernal Equinox Day
- Shōwa Day
- Constitution Memorial Day
- Greenery Day
- Children’s Day
- Marine Day
- Respect for the Aged Day
- Automnal Equinox
- Health and Sports Day
- Culture Day
- Labour Thanksgiving Day
- The Emperor’s Birthday
Sections
Stocks listed on the Tokyo Stock Exchange belong to one of three sections.
- First Section is for large companies.
- Second Section is for mid-sized companies.
- Mothers (Market of the high-growth and emerging stocks) is for startup companies.
Indices
Three of the most well-known indices based on the Tokyo Stock Exchange are Nikkei 225, TOPIX and J30.