New World Development loses blue-chip status in ejection from Hang Seng Index

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New World Development loses blue-chip status in ejection from Hang Seng Index - SCMP

Quick Summary:

Quarterly review adds video platform Kuaishou Technology and New Oriental Education & Technology to the Hong Kong benchmark.

Most of the gains were made within a month up to early October before the rally waned because of China’s underwhelming fiscal stimulus and the risk of intensified geopolitical tensions following the re-election of Donald Trump to the White House.

That will boost the number of the constituents on the benchmark to 83 from 82 currently.