What is China/Japans version of FTSE100?

longwalks1

as above, what are the main market names in Japan and China (equivilant to our FTSE100), and what are their codes? (e.g. glaxoSmithKline is GSK.L)

Thanks

Generali

britishboy wrote: »

as above, what are the main market names in Japan and China (equivilant to our FTSE100), and what are their codes? (e.g. glaxoSmithKline is GSK.L)

Thanks

Japan is the TOPIX. Ticker is TPX:IND on Bloomberg. Probably something like TPX.JP under your notation.

The main one in China is the Shanghai Composite, ticker SHCOMP:IND on Bloomberg, probably SHCOMP.CN with your notation.

Take care with the suffix. Different providers use different suffixes and there is no single agreed standard. AFAIK, tickers are used by the local exchange so have no need for a country extension.

longwalks1

Thanks Generali

I use IG Index so will take a look

thanks again :beer:

Generali

britishboy wrote: »

Thanks Generali

I use IG Index so will take a look

thanks again :beer:

No worries. Happy trading!

I think there are a few Chinese indices BTW. There's Hong Kong for a start!

Oh and there's another Japanese one too, the Nikkei, NKY:IND

bowlhead99

britishboy wrote: »

Thanks Generali

I use IG Index so will take a look

On IG index you just go to the indexes section, you don't need to search by ticker - what they have are all listed. For example under Asian indexes you'll find Japan 225 (this is the Nikkei).

In Japan the Nikkei vs Topix is a bit like the US's Dow Jones Industrial Average vs S&P500.

The Nikkei was historically what most people used as a barometer of the market's health - it is just 225 big companies across the major sectors. Topix is more like 1700 companies, weighted to market capitalisation.

So that's the same concept as the US, where the DJIA (Dow) is a price weighted average of 30 stocks while the S&P500 is a market value-weighted average of 500.

longwalks1

Thanks people
Bowlhead, so would you say the Nikkei and Dow Jones give a better overall indication of market feel?
amd still finding my feet on IGIndex, and reading indices, but so far am doing OK for a beginner (I'm only betting tiny amounts).

Shaolin_Monkey

I'm not sure but if it's what you mean by 'market feel' but the S&P 500 is IMO more representative of the performance of large cap US shares as a whole, and it uses a more sophisticated calculation method than the Dow. The Dow is very narrow at only 30 stocks, and dates back to the early 20th century (before computers) so had to be easy(ish) to calculate. While it's simpler to calculate than a value weighted index like the S&P 500, it's arguably less representative of the market. Outside of spreadbetting and futures etc. there are very few investment products that track the DJIA, while there a huge number that track the S&P 500.

The Nikkei 225 is, I believe, calculated using the same method as the Dow, while the Topix is more like the S&P. There are numerous Topix sub indices also (Topix 100, Topix 1000 etc. etc.). The Nikkei is far better known amongst the general public though.

The main indices I know of for China are the Shanghai Composite, the Shenzhen Composite (for the Shenzhen Stock Exchange) and the CSI 300 which combines both. The main Hong Kong index is the Hang Seng.

Ticker codes in Japan (and other Asian markets) use numbers rather than alphanumeric codes. For example, the ticker for Toyota is 7203:JP on Bloomberg or 7203.T on Reuters.