NOK replaced in Euro stoxx 50 index (EU50)
I think the Euro stoxx 50 index has a better situation than other indexes. NOK needed this to lift-off.
Microchip maker Infineon Technologies is going to replace telecom equipment maker Nokia ( NOKIA .HE) in the Euro Stoxx 50 , Stoxx said late Monday. The move is effective March 22 . Stoxx didn't provide an explanation, but microchip makers have been buoyed by strong demand and a shortage of supplies. In early trade, Nokia slipped 1.3% while Infineon slipped 0.4%.
Microchip maker Infineon Technologies is going to replace telecom equipment maker Nokia ( NOKIA .HE) in the Euro Stoxx 50 , Stoxx said late Monday. The move is effective March 22 . Stoxx didn't provide an explanation, but microchip makers have been buoyed by strong demand and a shortage of supplies. In early trade, Nokia slipped 1.3% while Infineon slipped 0.4%.
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Unfortunately, I misunderstood the news. INFINEON TECHNOLOGIES will replace NOK in the EU50. Anyway Nokia has high potential for lift off.