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Nomura TOPIX Banks ETF (1615) Is Yet to See Trading Action on Dec 8

December 8, 2017 - By Migdalia James

Shares of Nomura TOPIX Banks ETF (:1615) closed at 0 yesterday. Nomura TOPIX Banks ETF currently has a total float of shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 0 and high of 0.

TSE: Putting Asia To The Global Footprint

Japan comes next to the US when it comes to economic prowess, making it a powerful economy not just in Asia but in the whole world as well. Needless to say, it is surely bringing Asia to the global footprint.

What gives rise to the growing Japanese economy is its healthy corporate sector driven by excellent corporate governance. Without a thriving equity market, Japan will not be the massive success that it is today.

Japan’s Equity Market

The Tokyo Stock Exchange (TSE) is one of the most valuable stock exchanges in Asia. Aside from that, it also prides as one of the oldest stock exchanges in the region.

The Nikkei Stock Average or Nikkei 225 is the benchmark index that measures the most actively traded companies listed on the TSE. Its components are reviewed annually.

Unlike most popular indices in the world, the Nikkei Stock Average is a price-weighted index and not a capitalization weighted index. Its base value is 176.21 with the base date being May 1949.

Historical Feats

The TSE was founded in 1878, only to grow bigger in 1943 with the consolidation of five Japanese stock exchanges into it. It temporarily closed in 1945, primarily because of the World War II (WWII). However, the TSE had come back stronger, relaunching under a new Securities Exchange Act in Japan on May 16, 1949. Nomura TOPIX Banks ETF is a stock traded on the Japan stock exchange.

The Nikkei Stock Average, on the other hand, was introduced on September 7, 1950. Since 2010, the index is refreshed every 15 seconds during regular sessions.

The 1989s is probably the decade that the TSE had enjoyed the most. Because of the fiscal stimuli administered by the government in an attempt to counter recession, share prices had tripled after the yen had surged roughly 50%. The TSE had then accounted for 60% of the world’s overall market capitalization.

The glory days, of course, did not last forever. Come 1990, the Nikkei Stock Average had declined more than 30%. During the onslaught of the 2008 Global Financial Crisis, the Nikkei Stock Average was trading below the 7,000 level in October 2008. This represents an 80% decline from its all-time high seen on December 29, 1989.

The dark days didn’t end there. On March 15, 2011, the Nikkei Stock Average had fallen to just 8,605.15 from almost 10,000 after an earthquake nearly destroyed all of Japan. The Nikkei Stock Average had posted its lowest year-end valuation of 8,455.35 since 1982. Nomura TOPIX Banks ETF has relatively good liquidity.

Amid all the adversaries, the Japanese economy was still able to come through. In 2012, the Nikkei Stock Average had begun recouping. In 2013, it had finally touched the 10,000 mark. Two years later, the Nikkei Stock Average was able to double, hitting the 20,000 mark in 2015.

Because of the success of the Japanese equity market, many investors are looking into TSE stocks. Betting on the Asian economy has never been this interesting. Despite numerous setbacks in the past, the TSE has still managed to shaped the Japanese economy into becoming one of today’s most influential economies worldwide. Professional analysts might be interested how this will affect Nomura TOPIX Banks ETF.

More notable recent Nomura TOPIX Banks ETF (:1615) news were published by: Cnbc.com which released: “Here’s how to play the Bank of Japan’s changes to its asset-purchase program …” on September 23, 2016, also Bloomberg.com with their article: “Japan’s Topix Outshines Nikkei 225 Thanks to BOJ’s ETF Buying” published on August 21, 2017, Ft.com published: “Japan’s record cash pile no good for banks” on September 26, 2016. More interesting news about Nomura TOPIX Banks ETF (:1615) were released by: Ft.com and their article: “BoJ’s overhaul of ¥6tn ETF buying risks roiling markets” published on September 22, 2016 as well as Bloomberg.com‘s news article titled: “As Selloff Extends in Japan Stocks, One Prominent Buyer Is Back” with publication date: November 15, 2017.

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