MSCI axes dozens more Chinese stocks from global indices

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The story "MSCI axes dozens more Chinese stocks from global indices" was covered 13 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 13h ago

MSCI axes dozens more Chinese stocks from global indices - Financial Times

Quick Summary:

Meanwhile MSCI’s emerging market ex-China index, which was launched in 2017, has over the past three years gained prominence amid Beijing’s strict zero-Covid policies and weak economic recovery.

Among the companies that will be scrapped from the index include investment holding firm First Capital, local brokerage GF Securities, listed online game company Kingnet Network and Xu Wenrong-founded conglomerate Hengdian Group.

MSCI will also add seven new Indian companies to its indices, including telecommunications firm Vodafone India and electronics manufacturer Dixon Technologies.