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The Tokyo Stock Exchange plans to remove nearly 700 firms from its main Topix index and add 35 companies in the first major reshuffle of its main index. After the reshuffle, the Topix index will be composed of 986 stocks, about 40% fewer than the current components.
The Tokyo Stock Exchange (TSE) plans to remove nearly 700 companies from its main Topix index and add 35 others as part of ongoing reforms aimed at attracting investors.