Nokia to Return to Euro STOXX 50 Index, Replacing Volkswagen
MT Newswires Live
16 hours ago
Nokia is set to rejoin the blue-chip Euro STOXX 50 index after a year as Volkswagen AG is set to lose its spot, according to index compiler Stoxx's annual review on Tuesday.
The changes to the index, which will take effect before the market opens on Sept. 21, come as the European automaker struggles with competition from Chinese electric vehicle makers and undergoes restructuring.
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