Hong Kong, Febjin88bet.one 14
ak168app.babyGlobal stock index compiler MSCI is deleting dozens of companies from its benchmark China Index, which could further exacerbate fund outflows from Chinese equities after a massive stock market rout, a media report said.
ak168app.clubThe index provider announced this week that it would droks168app.sitep 66 securities from the MSCI China Index, one of its flagship China indexes, as part of the company’s latest quarterly review. Five new securities will be added to the index, CNN repoic88rted
ic88MSCI’s equity indexes are tracked by institutional investors worldwide for asset allocation and invic88estment analysis. More than 1,370 global exchange-traded funds are linked to its various indexes, according to the company, the report said.
ic88The MSCI China Index is the compiler’s key index tracking the Chinese stock market, covering about 85 per cent of the total market capilr88talisation of Chinese companies listed globally.
The decision by MSCI is likely to affect the weighting of Chinlr88ese stocks in global portfolios and could cause further fund outflows, at a time when investor confidence was already low, CNN reported.
lr88The changes, effective lr88after the stock market closes on February 29, will reduce the total number of the index’s constituents to 704.
This iop88s an unusual move by the compiler, which for years had been largely increasing the number of stocks in the MSCI China Index. In its previous four quarterly reviews of that benchmarksi88, it deleted a total of 57 stocks, and added 113, CNN reported.
88vChina’s stock market has been in a protracted slump since recent peaSEXXXXX-VNks in 2021, with more than $6 trillion in market value having been wiped out from the Shanghai, Shenzhen and Hong Kong markets.
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