Business · Markets · 1 hr ago

Topix reshuffle expected to drive $60 billion in trading

Topix reshuffle expected to drive $60 billion in trading

Japan’s Topix index is being reshuffled, with changes affecting more than 700 stocks.

The adjustment is expected to take effect at Thursday’s market close.

The changes could trigger about $60 billion in passive trading, as funds that track the index adjust their holdings.

Hedge funds are preparing to trade around the reshuffle.

The scale of the expected trading makes this a major market event for Japanese shares.

The trading is expected at Thursday’s close, but no further details are given about the changes.

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