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Nikkei 225 Candidates Surge as Sony Financial Buyout Opens Slot

  • Sony Financial buyout will open a slot on the benchmark index
  • Japan Exchange jumps to record after being raised as candidate
Updated on

Tokyo Stock Exchange operator Japan Exchange Group Inc., jumped on Wednesday amid speculation that it may be a contender to join the Nikkei 225 benchmark index.

Sony Corp. announced Tuesday that it would buy out its unit Sony Financial Holdings Inc., a component of the index, freeing up a rare slot. That’s led to a flurry of bets on which company will be chosen to replace it.