Jan 6th, 2014

N225 dropped in the first trading day for the first time in 6 years since 2008!

Today is the first trading day of the year for Tokyo market, and Taro Asou the finance minister in Japan spoke New Year's greeting. The staff of Japan Exchange Group wearing long-sleeved kimono rang the bell, it's an annual event in the first trading day of the year(Dai-hakkai).

However, Tokyo's Nikkei share average(Nikkei 225) ended 2.3% lower at 15,908.88. It dropped in the first trading day for the first time in 6 years since 2008. Topix index was down 0.78% at 1292.15, its ratio of dropping is lower than Nikkei225. The stocks of air transport rose, ALL NIPPON AIRWAYS(TYO:9202) ended 4.75% higher at 220. In addition, individual investors bought stocks with a high dividend yield by NISA(Japanese Individual Savings Account).

The new index, JPX-Nikkei 400 makes debut today. It's more focused on ROE than other index and changes its composition of stocks at fixed intervals. ETFs link to JPX-Nikkei 400 will be released toward the end of January, it's noticed again then.

The number of rising stocks today is 906, and 50% of the total stocks in Tokyo Market rose with 2.92 billion share changing hands. Meanwhile, the number of stocks dropped today is 761.