Definitions for "Nikkei stock average"
Keywords:  tokyo, dow, jones, keizai, nihon
Japan's most widely quoted stock market index. It is calculated by Nihon Keizai Shimbun, parent of the major business newspaper of the same name. (Nikkei is short for Nihon Keizai, which means Japan business.) The Nikkei shows the average price for 225 issues, weighted similarly to the Dow Jones Industrial Average. The companies that make up the Nikkei are chosen to reflect the overall performance of the Japanese stock market.
Applies mainly to international equities. Price-weighted average of 225 stocks of the first section of the Tokyo Stock Exchange started on May 16, 1949. Japanese equivalent of the US Dow.
The Nikkei Stock Average is the leading Japanese stock price index. It is calculated using the prices of the 225 highly liquid shares listed on the Tokyo Stock Exchange's first section based on the formula developed by Dow Jones & Co. of the U.S. The index was initially calculated by the Tokyo Stock Exchange, but Nihon Keizai Shimbun Inc. took over the task in 1985. One of the benefits of using the Nikkei Stock Average is that it compensates for irregular events, such as theoretical price drops following increases of the number of outstanding shares, and makes it easier to track stock prices on a consistent basis over a long period of time. The 225 shares used to calculate the index are reviewed every year and, if deemed necessary, replaced to more accurately reflect changes in the market environment and economic conditions. The Nikkei average reached an all-time high of 38,915.87 at the end of 1989. After hitting a bottom at 7,607.88 on April 28, 2003, the stock index has been charting a gradual recovery.
Keywords:  nio, nine, rule, bond
Nine bond rule NIO