Nikkei to launch "Nikkei Asia300 Index" -- taking the pulse of corporate Asia
October 5, 2016 Starting in December 2016, Nikkei Inc. will launch a series of stock indices under the heading "Nikkei Asia300 Index," bringing together over 300 of Asia's most influential companies. Designed to capture the dynamism of a region at the forefront of global economic growth, the index will be used by the Nikkei Group to carefully track stock price movements and to provide comprehensive and timely coverage of the health of the Asian economy. Indices will be calculated by Singapore Exchange Limited (SGX), following an agreement signed by Nikkei and SGX on 5 October.
The Nikkei Asia300 Index (*1) will be based on the "Asia300" group of must-watch companies selected by Nikkei. The composite index will be supplemented by an index focusing specifically on companies in the ASEAN region, as well as individual indices for 11 countries and regions (*2). Real time quotes will be provided by QUICK Corp., a Nikkei Group financial information service, and other information vendors.
Nikkei will deliver news and analysis based on the Nikkei Asia300 Index to a global audience via its flagship Japanese newspaper the Nikkei, online edition Nikkei.com, English- language magazine/website Nikkei Asian Review, and Chinese-language website (cn.nikkei.com). From 2017, Nikkei plans to develop further indices based on the Asia300 Index for use in the creation of new financial products.
Naotoshi Okada, President and Chief Executive Officer of Nikkei Inc.:
"We believe the Nikkei Asia300 Index will demonstrate the power of Asia as the epicenter of global growth. Nikkei will continue to be proactive in providing information on dynamic Asian companies to an international audience."
Loh Boon Chye, Chief Executive Officer of SGX:
"We are pleased to be selected by Nikkei to develop the Asia300 indices, and look forward to further strengthening our partnership. By converting the list of securities into an index portfolio, investors will be able to track and benchmark against Asia's leading companies and gain better insights into the performance of the portfolio.''
(*1) The Nikkei Asia300 Index will be calculated based on the US dollar converted share prices of 325 Asia300 companies (as of September 2016). Three Chinese Asia300 companies are listed only in the US, and as such will not be included in the index. The number of constituents may alter according to the date of commencing calculations, reflecting changes to companies' listed status such as delisting.
(*2) The number of stocks covered by the Nikkei Asia300 Index by country and region are as follows. Indices will be calculated from Monday to Friday (excepting 1 January) between 00.00 GMT when regular trading starts at the Korea Exchange and 10.00 GMT when it closes at Bombay Stock Exchange (BSE). Only the closing prices will be announced for country and regional indices.
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