Japan Exchange Group Initiates Major Topix Index Overhaul

• Japan Exchange Group's first large-scale reshuffle of the Topix Index begins.
• The overhaul may reduce the number of constituents by more than one-third.
• The reshuffle is expected to trigger around $60 billion of passive trading.
• Over 700 stocks are impacted by the changes.
• The event is part of the biggest overhaul in the benchmark's history.