July 11, 2017 / 12:23 AM / 3 months ago

Seiko Epson hits 2-1/2-year high, stock to replace Toshiba in Nikkei 225

TOKYO, July 11 (Reuters) - Shares of Seiko Epson Corp soared to 2-1/2-year highs on Tuesday morning a day after Nikkei Inc said it would add the company’s stock to the benchmark Nikkei 225 average, replacing scandal-hit Toshiba Corp.

Seiko, a manufacturer of ink-jet printers and watches, surged as much as 4.6 percent to 2,683 yen in early trade, the highest level since December 2014.

Toshiba dropped 2.0 percent. (Reporting by Ayai Tomisawa; Editing by Chang-Ran Kim)

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