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NIKKEI STOCK AVERAGE Definition & Legal Meaning

Definition & Citations:

Founded in 1949, 225 largest Japanese corporations listed on Tokyo stock exchange as a price weighted index. It holds the ‘First section’ firms’ shares, the Japanese equivalent to NYSE Blue Chips. Movement of stock prices are weighted equally, not according to market capitalization. It is named after its administrator, Nikon Keizai Shimbun (Japan Financial Journal). Also known as Nikkei index.


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