Free-float TOPIX seen benefiting top bank stocks


By Risa Maeda TOKYO, June 27 (Reuters) - Top banks such as Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. are seen benefiting from a final rejig of Tokyo's TOPIX index this week into one similar to the MSCI or FTSE indexes. Their TOPIX weightings are set to rise, reflecting higher availability of the shares relative to others, and that would positively affect investment plans not only by index-linked funds but those looking to beat the market, analysts said. The ...

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