Japan to remove hundreds of stocks from Topix index
Summarised from 2 outlets · Updated 7 Oct, 16:37 · Archive
Japan's Topix stock index is to remove 683 companies under new inclusion rules.
The Japan Exchange Group has announced plans to remove 683 companies from the Topix index as part of a record revamp. The changes will leave the benchmark with under 1,000 constituents, marking the largest overhaul in its history.
The removals are being driven by tougher Topix inclusion rules. The Japan Times reports that the Japan Exchange Group is implementing these stricter criteria, which will substantially reshape the composition of Japan's primary stock market benchmark.
How it is being reported
- Topix’s largest-ever overhaul to cull hundreds of Japan stocksAccording Japan Exchange Group, there are 683 companies earmarked for removal under tougher Topix inclusion rules.The Japan Times · 7 Oct, 10:41
- Japan to slash hundreds of stocks from Topix index in record revampMove set to leave benchmark with under 1,000 constituentsFinancial Times · 7 Oct, 09:15
In this story: Japan Exchange Group · Topix · Japan
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