Global stock index compiler MSCI is deleting dozens of companies from its benchmark China Index, which could further worsen money outflows from Chinese stocks. The news comes on top of an already massive stock market rout. The index provider announced this week that it would drop 66 securities from the MSCI China Index—one of its […]
MSCI, one of the world’s largest index providers, is purging dozens of Chinese stocks from its portfolio. But meanwhile, India’s weightage is on the rise. And at a Lunar New Year dinner where only high-ranking officials can attend, Chinese leader Xi Jinping appeared to be surrounded by bodyguards.
Investment giants BlackRock and MSCI are facing congressional investigations for funneling Americans’ investment- and retirement-fund dollars to firms with close links to the Chinese communist regime’s military. Head of corporate governance at Strive Asset Management, Justin Danhof, offered NTD his perspective on the House Select Committee’s probes into BlackRock and MSCI.
U.S. stocks and funds are leading the world in the widespread selloff across global financial markets. From the Dow Jones Industrial Average to the Nasdaq Composite Index, American equities are recording greater losses than benchmarks in foreign markets and they are being pummeled by other sectors. Year-to-date, the Dow has plunged 12 percent, the S&P […]
The Chinese economy has grown tremendously over the past three decades, but its stock market has offered investors very dismal returns. Chinese stocks have had the worst performance among Asian and the world’s largest stock markets, according to the Morgan Stanley Capital International (MSCI) April data. Since its inception in December 1992, the MSCI China […]
The New York Stock Exchange (NYSE) announced on Dec. 31 that it is in the process of delisting three Chinese telecom companies with ties to the Chinese military. The three state-owned companies—China Mobile Ltd., China Telecom Corporation Ltd., and China Unicom (Hong Kong) Ltd.—will see their securities suspended from trading between Jan. 7 and Jan. […]
BOSTON/WASHINGTON/SINGAPORE—MSCI Inc will cut seven Chinese firms from some of its global indexes, it said on Tuesday, the third major index publisher to do so following U.S. restrictions on owning the companies. As with similar steps by S&P Dow Jones Indices and FTSE Russell the move means index-tracking funds will need to divest, the latest […]
