MSCI’s decision to keep mainland-listed shares out of its key emerging markets index was a blow to China’s regulators, who had stepped up reforms in recent months to win over the index provider.
But the initial reaction from China was largely pragmatic, with state news agency Xinhua commenting that inclusion was “purely just a matter of time.”
The Shanghai composite and the Shenzhen composite opened down more than 1 percent each, but then retraced their losses to trade up 0.33 percent and up 1.44 percent respectively by mid-morning SIN/HK.
MSCI announced on Tuesday evening ET that it had once again decided not to include A shares in its EM index.
CNBC [1]
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