FINNISH telecom equipment maker Nokia Oyj is set to rejoin the bluechip Euro STOXX 50 index a year after being dropped, while Volkswagen will be removed, index provider STOXX said in its annual review on Tuesday.<\/p>\n
Nokia shares hit a near-18-year high in June before declining. They are still more than double their price at the same time last year, helped by the company\u2019s shift in focus to selling fibre-optic equipment to companies building AI data centers.<\/p>\n
Shares of Volkswagen, meanwhile, have dropped nearly 27 percent so far this year, as Europe\u2019s largest automaker struggles against Chinese competition and pushes ahead with a restructuring.<\/p>\n
French utility Engie will also join the index, while Dutch information-services group Wolters Kluwer is being removed.<\/p>\n
The changes to the index are effective Sept. 21.<\/p>\n
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By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service<\/a> and Privacy Policy<\/a>.<\/p>\n Stoxx also unveiled a slew of changes to the broader Stoxx 600 Index, including the addition of Greek companies such as National Bank Of Greece and Alpha Bank after Greek equities were in April reclassified to \u201cdeveloped market\u201d status.<\/p>\n British sportswear retailer JD Sports Fashion, Swedish sports and outdoor gear maker Thule Group and Germany airport operator Fraport AG are set to exit the Stoxx 600 Index.<\/p>\n","protected":false},"excerpt":{"rendered":"FINNISH telecom equipment maker Nokia Oyj is set to rejoin the bluechip Euro STOXX 50 index a year…\n","protected":false},"author":2,"featured_media":83740,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20947],"tags":[28786,60077,60453,52478,42791,60448,60080,60451,60078,60076,41571,60452,60447,60449,60450,60079,5356,9798],"class_list":["post-83739","post","type-post","status-publish","format-standard","has-post-thumbnail","category-volkswagen","tag-ai-data-centers","tag-alpha-bank","tag-developed-market-status","tag-engie","tag-euro-stoxx-50","tag-fibre-optic-equipment","tag-fraport-ag","tag-index-review","tag-jd-sports-fashion","tag-national-bank-of-greece","tag-nokia-oyj","tag-stock-market-changes","tag-stoxx","tag-stoxx-600-index","tag-telecom-equipment","tag-thule-group","tag-volkswagen","tag-wolters-kluwer"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/83739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=83739"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/83739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/83740"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=83739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=83739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=83739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}