MSCI is cutting dozens of Chinese companies from its global benchmarks, after many stocks tumbled as the market erased trillions of dollars in value.
The index provider is removing 66 companies from its MSCI China Index in its latest quarterly review, the highest tally in at least two years. The changes, effective from the close on Feb 29, also apply to the MSCI All Country World Index. Stocks to be cut include property developers Gemdale and Greentown China Holdings, as well as China Southern Airlines and Ping An Healthcare and Technology.
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