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The Tokyo Stock Exchange (TSE) is the second largest stock exchange in the world based on monetary volume, just behind the New York Stock Exchange.
Regular trading hours are from 09:00-11:00 and 12:30-15:00 (JST). Listed stocks are divided into three sections:
The main indices tracking the Tokyo Stock Exchange are the Nikkei 225 and the TOPIX.
The Nikkei average is an index of companies selected and calculated by the Nihon Keizai Shimbun, Japan's largest business newspaper. It is a price-weighted average and is the most watched index for Asian stocks.
The TOPIX measures all First Section listed companies and thus reflects the broad market better than the Nikkei 225.