Asia ex-Japan Main and Japan 80 indices will not roll, says Markit

Markit has announced that the iTraxx Asia ex-Japan Main index and Japan 80 index will not roll into series 9. The decision was taken based on dealer polls, with liquidity having concentrated in Asia ex-Japan HY and IG, sub indices of the Asia Ex-Japan Main index, since they started trading in September last year.

These indices, along with the Australia index, will roll tomorrow. Meanwhile, the Japan Main and Japan HiVol will roll a day later on Friday 21 March.

Two constituents were replaced in each of Asia ex-Japan IG, Asia ex-Japan HY, Australia and Japan HiVol. Four constituents were replaced in the Japan Main index.

PTT Aromatics & Refining and Sun Hung Kai Properties enter the Asia ex-Japan series 9, replacing The Aromatics (Thailand) Public Company and IOI Corporation Berhad. China Fishery Group and CITIC Resources replace C&M and Hanarotelecom in the HY series 9.

In the Australia index, Crown and Woodside Petroleum replace Coles Group and Publishing & Broadcasting.

Japan series 9 sees East Japan Railway, Kawasaki Heavy Industries, Nishimatsu Construction and Nomura replace Nankai Electic Railway, Nikko Cordial, Takashimaya and Tokyu. Nankai and Hamku Hanshin drop are replaced in Japan HiVol by IHI and Taisei.