Mussi Katz
The modifications will be implemented once the market shuts down on August 30.
In May, MSCI removed 56 Chinese firms from MSCI China, while in February it was 66 companies. Decreasing the number of components in the indicator further will result in a decline in the country's representation in both the key emerging markets equity index and the global index.
By the conclusion of July, China accounted for 22.33% of the MSCI Emerging Markets index.
The companies being removed from MSCI China during the upcoming August evaluation are Ganfeng Lithium Group, a mining company whose stock has dropped by nearly half in the last year, Flat Glass Group Co., a producer of solar energy glass with a 44% decrease in its shares, and others.
The index included securities from Huaneng Lancang and Victory Giant, which operates in the hydropower sector and manufactures electronics.
MSCI additionally declared that seven companies will be added to the Indian stock index. These consist of Dixon Technologies India Ltd, a provider for Samsung Electronics.
source: bloomberg.com
In May, MSCI removed 56 Chinese firms from MSCI China, while in February it was 66 companies. Decreasing the number of components in the indicator further will result in a decline in the country's representation in both the key emerging markets equity index and the global index.
By the conclusion of July, China accounted for 22.33% of the MSCI Emerging Markets index.
The companies being removed from MSCI China during the upcoming August evaluation are Ganfeng Lithium Group, a mining company whose stock has dropped by nearly half in the last year, Flat Glass Group Co., a producer of solar energy glass with a 44% decrease in its shares, and others.
The index included securities from Huaneng Lancang and Victory Giant, which operates in the hydropower sector and manufactures electronics.
MSCI additionally declared that seven companies will be added to the Indian stock index. These consist of Dixon Technologies India Ltd, a provider for Samsung Electronics.
source: bloomberg.com
