Chinese Stocks Close Up at Lunch After MSCI Fixes Details of Higher Index Weighting
Xu Wei
DATE:  Nov 08 2019
/ SOURCE:  yicai

(Yicai Global) Nov. 8 -- China's main stock benchmarks closed higher at lunch after the MSCI disclosed details of their upcoming increased weighting in its Emerging Market Index.

The Shanghai Composite Index closed 0.35 percent higher at 2,989.24 at the lunch break, while the Shenzhen Component Index climbed 0.86 percent to 10,003.12. The ChiNext Price Index, which tracks Shenzhen-listed growth enterprises, rose 0.85 percent to 1,730.20.

New York-based MSCI said yesterday that after markets close on Nov. 26, it would increase the weight of existing large-caps in the EMI and add a batch of mid-caps to take mainland-listed shares' overall weighting in the index to 4.1 percent.

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