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SMIC Plunges in Shanghai as Regulator Removes It From Stock Connect Index

Overseas investors swear by local stocks

For the second straight trading day, the benchmark Shanghai Composite Index of the A-share market ended lower on Friday (down 0.24 percent), but its decline is unlikely to deter foreign institutional investors from rejigging their China portfolios in favor of certain sectors; if anything, their selective pickings may well inspire retail investors to follow suit and hunt smart bargains, market mavens said.


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Shanghai bourse says to remove SMIC from Connect index

SHANGHAI : The Shanghai Stock Exchange said on Thursday it will remove Semiconductor Manufacturing International Corp (SMIC) from an index composed of eligible Shanghai stocks under the Shanghai-Hong Kong Stock Connect.SMIC will be removed from the SSE SH Equities Index starting Aug 16, the exchange said

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