Home Business & Finance Nikkei Weight Cut Shadow Looms Over Advantest After 18% Rally
Business & Finance

Nikkei Weight Cut Shadow Looms Over Advantest After 18% Rally

Key Points

Nikkei Weight Cut Shadow Looms Over Advantest After 18% Rally Advantest Corp.’s shares may come under selling pressure from passive funds as the Japanese chip-tester maker’s weighting in the Nikkei 225 Stock Average may be lowered at the next review. Nikkei Inc. makes periodic cuts to stocks whose weightings exceed 10% in the Nikkei 225 benchmark. This puts Advantest — whose weight is currently just above 12% per Bloomberg calculations — at risk of an October reduction.

Nikkei Weight Cut Shadow Looms Over Advantest After 18% Rally Advantest Corp.’s shares may come under selling pressure from passive funds as the Japanese chip-tester maker’s weighting in the Nikkei 225 Stock Average may be lowered at the next review. Nikkei Inc. makes periodic cuts to stocks whose weightings exceed 10% in the Nikkei 225 benchmark. This puts Advantest — whose weight is currently just above 12% per Bloomberg calculations — at risk of an October reduction.
Advantest (ORG) Rally Nikkei Weight (ORG) Rally Advantest Corp.’s (ORG) Japanese (ORG) the Nikkei 225 Stock Average (ORG) Nikkei Inc. (ORG) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →