Topix Rises to Month High on Trade Data, Global Stimulus Hopes

Topix Rises to Month High on Trade Data, Global Stimulus Hopes

Kiyoshi Ota/Bloomberg

The Topix has fallen 14 percent from this year’s peak on March 27 as China’s growth slowed and on concern Europe’s debt crisis is spreading. Shares on the index are valued at 0.88 times book value. A number below one means a company can be bought for less than the value of its assets.