Samurai Market

Posted in Finance, Accounting and Economics Terms, Total Reads: 358
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Definition: Samurai Market

The term is synonymous to the stock market of Japan. This is used as a informal basis by people outside of Japan with regards to their warrior, Samurai. The term is equivalent to the Yankees used for U.S stock exchange and the bulldog used for the London stock exchange.

The stock exchange is located in Tokyo and is the third largest in terms of market capitalisation. It has more than 2000 companies listed with a market cap of about 4.7 trillion USD.

The stock exchange was incorporated by Kabushki Gaishi with its head quarter located in Tokyo. It was established in the year 1878 and is presently owned by Japan exchange group. The trading floor is divided into three section with the first section meant for large companies and the second and third meant for mid-cap companies and small companies respectively. Some of its major indices are the Nikkei 225, Topix and the J30 index. The Tokyo stock exchange holds a minority stake in the Singapore stock exchange. It holds a 5 percent stake and had paid the lump sum of 303 million dollar for it.

The trading session starts at 9.00 am to 11.30 am. The second half starts from 12.30 pm to 3.00 pm. The trading happens on all week days. Trading has not been free from technical glitches. On November, 2005 trading halted for over four hours as the transaction system crashed. Similarly in the IPO of a advertising company, a trader mistakenly entered 610000 shares to sell at 1 Yuan, while he intended to sell 1 share at 610000 Yuan. This cumulated in loss of around 71 million Yuan. Similarly in January 2006 the exchange closed early as the number of transaction was about to reach its maximum capacity.

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