Business & Finance
Topix’s Biggest Ever Revamp to Cull Hundreds of Japanese Stocks
Key Points
Topix’s Biggest Ever Revamp to Cull Hundreds of Japanese Stocks Japan Exchange Group Inc. is set to unveil the biggest-ever reshuffle of the Topix on Wednesday, a revamp that could shrink one of Asia’s broadest major equity benchmarks and intensify pressure on Japanese companies to boost their market appeal. The changes are the second stage of a multiyear effort by the group, which operates the Tokyo Stock Exchange, to make the Topix more investable. The benchmark has long stood out among...
Topix’s Biggest Ever Revamp to Cull Hundreds of Japanese Stocks
Japan Exchange Group Inc. is set to unveil the biggest-ever reshuffle of the Topix on Wednesday, a revamp that could shrink one of Asia’s broadest major equity benchmarks and intensify pressure on Japanese companies to boost their market appeal.
The changes are the second stage of a multiyear effort by the group, which operates the Tokyo Stock Exchange, to make the Topix more investable. The benchmark has long stood out among major global indexes for its large number of constituents, including hundreds of relatively illiquid small-cap companies.