TOKYO — Nikkei on June 2 will reshuffle the component stocks of the Nikkei Asia300 Investable Index, which gauges the performance of 300 fast-growing Asian companies, the company said Tuesday.
The change will add 22 new stocks, including China’s Fuyao Glass Industry Group, Taiwan’s Alchip Technologies, India’s Bharat Electronics and Indonesia’s GoTo Gojek Tokopedia. The reshuffle will also remove 21 existing companies, including China’s ENN Energy Holdings, South Korea’s HD Hyundai Heavy Industries, Indonesia’s Elang Mahkota Teknologi and India’s Adani Total Gas.
The number of deletions is one fewer than the number of additions because Intouch Holdings, listed on the Stock Exchange of Thailand, was deleted on April 4 due to a merger.
Index components are selected from listed companies in 10 Asian countries and regions based on market capitalization, trading value, revenue growth, percentage of shares available for trading and other factors.
The index is designed to be used for financial products. Nikkei changes the constituents every June.
For more details, please visit the Nikkei indexes website.
