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Equities

Hitachi Kokusai Electric to be removed from JPX-Nikkei Index 400

The Nikkei 500 will also drop the chip-machinery maker and add Morinaga Milk Industry

TOKYO -- Nikkei Inc. and Tokyo Stock Exchange Inc. announced on Thursday that Hitachi Kokusai Electric will be removed from the JPX-Nikkei Index 400 on Feb. 21, in line with the TSE's decision to delist the maker of semiconductor manufacturing equipment announced the same day.

As there will be no immediate replacement, the index will temporarily consist of fewer than 400 companies. A new issue will be appointed in August, when the index undergoes a periodic review.

Nikkei Inc. also said on Thursday that it will exclude Hitachi Kokusai Electric from the Nikkei 500 Stock Average on Friday, as the stock is now designated as "Securities to be Delisted" (Seiri Meigara) by the TSE.

Morinaga Milk Industry will be added to the index on Feb. 20 to fill the vacancy.

(Nikkei)

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