TOKYO -- The Tokyo Stock Exchange slipped to the third-largest Asian bourse in 2014 by trading value after being overtaken by the Shanghai and Shenzhen exchanges, as retail investors poured funds into Chinese stocks.
The value of trading on the TSE shrank 16% from 2013 to $5.4 trillion, according to calculations by the World Federation of Exchanges. The yen-denominated figure fell 6% because of sluggish activity until the summer, and the weak yen further weighed down the sum in dollar terms.
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