July 04, 2024 at 03:58AM
Japan’s Topix hit a record high on Thursday
rose to as high as 2,890.52, breaking a high of 2,885.50 set in December 1989
also beat a record closing high of 2,884.80 on the same day
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TOPIX is the Tokyo Price Index
covers all domestic companies listed in the First Section of the Tokyo Stock Exchange (TSE)
designed to track the overall trend of the Japanese stock market
includes over 2,000 companies
a free-float adjusted market capitalization-weighted index (only shares available for trading are considered in its calculations​)
Nikkei 225 also hit a record high, it had done so earlier on the year in February
a price-weighted index of the top 225 blue-chip companies (TOPIX provides a broader and more comprehensive measure of the market)
This article was written by Eamonn Sheridan at www.forexlive.com.