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Local stocks are eyeing a winning start to the Year of the Dragon as gains in Tencent, Alibaba and Galaxy overcome early jitters. Chinese firms suffer the brunt of deletions in MSCI’s latest review of its global indices.
66 companies were dropped from its MSCI China Index in its latest review, the highest tally in at least two years. Read more at straitstimes.com.
(Bloomberg) -- MSCI Inc. is cutting dozens of Chinese companies from its global benchmarks following a market rout that’s erased trillions of dollars in value from the nation’s stocks.Most Read from BloombergS&P 500 Rally Hits a Wall in Run-Up to CPI Report: Markets WrapTrump Asks Supreme Court to Keep DC Election Trial on HoldPentagon Chief Austin in Critical Care for Bladder IssueTrump Says There’s ‘No Way’ Taylor Swift Can Endorse BidenThe index provider is removing 66 companies from its MSCI
Investment support services firm MSCI’s corporate leadership should be ashamed of continuing to shill for China.
MSCI Inc. is cutting dozens of Chinese companies from its global benchmarks following a market rout that’s erased trillions of dollars in value from the nation’s stocks. The index provider is removing 66 companies from its MSCI China Index in its latest quarterly review, the highest tally in at least…