Business & Finance
Kioxia’s Weighting on Topix Index to Rise After JPX Review
Key Points
Kioxia’s Weighting on Topix Index to Rise After JPX Review Japan Exchange Group Inc. announced that Kioxia Holdings Corp.’s weighting on the benchmark Topix index will rise, fueling expectations that passive inflows will provide support for the shares. JPX lifted the Japanese memory maker’s free-float weight to 50% from the previous 15% in its regular review, suggesting its weighting on the benchmark will expand from the current 0.57%.
Kioxia’s Weighting on Topix Index to Rise After JPX Review
Japan Exchange Group Inc. announced that Kioxia Holdings Corp.’s weighting on the benchmark Topix index will rise, fueling expectations that passive inflows will provide support for the shares.
JPX lifted the Japanese memory maker’s free-float weight to 50% from the previous 15% in its regular review, suggesting its weighting on the benchmark will expand from the current 0.57%.