TOKYO -- Nikkei on June 3 will reshuffle the component stocks of the Nikkei Asia300 Investable Index, which gauges the performance of 300 fast-growing Asian companies, the company said on Friday.
The change will add 21 new stocks, including China's Trip.com Group, India's Adani Power, Indonesia's Indosat and South Korea's HD Hyundai Heavy Industries. The reshuffle will also remove 18 existing companies such as China's Country Garden Holdings, India's Godrej Consumer Products, the Philippines' San Miguel, Malaysia's Top Glove and South Korea's LG Display.
The index is currently short of three issues, but the reshuffle will bring it back to 300 companies.
The 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.
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