Reported 2 months ago
MSCI Inc. is removing 60 stocks from its China Index this month, following previous deletions, indicating a declining presence of Chinese shares in emerging market benchmarks. This decision may exacerbate the challenges for China's economy, as more funds exit local stocks, with a notable shift towards other markets like India and Taiwan. The changes take effect on August 30 and could push more index-tracking funds to sell off Chinese stocks.
Source: YAHOO