Tokyo Bourse Reclaims Top Spot For Market Capitalization In Asia

The Tokyo Stock Exchange (TSE) has regained the top spot in Asia for total market capitalization of listed companies in US dollar terms, according to data reported by Kyodo News.

The TSE accounts for the vast majority of the JPX bourses' market capitalization. I Photo: Kakidai Wikimedia Commons

This comes some three-and-a-half years after ceding the title to the Shanghai Stock Exchange.

The 225-issue Nikkei Stock Average is trading close to its all-time high as Tokyo shares have had a stellar start to 2024, with investors in Asian markets redirecting funds to Japan due to an economic slowdown in China.

Japan Exchange Group, Inc. is now the fourth-largest bourse operator globally by the total market cap of stocks listed on its exchanges, according to data from the World Federation of Exchanges, a British-based industry group for exchanges.

The TSE accounts for the vast majority of the JPX bourses' market capitalization, according to JPX officials.

As of the end of January, firms listed on the group's exchanges were valued at around $6.34 trillion (950 trillion yen), compared to Shanghai's approximately $6.04 trillion.

When Shanghai overtook Tokyo in July 2020, its listed firms had a total market cap of around $6.03 trillion compared to the roughly $5.55 trillion valuation of TSE, together with other bourses run by Japan Exchange Group, as reported by Mainichi Japan.

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