UPDATE 2-China stocks fall as trade war fears eclipse much-hyped MSCI addition [Reuters]
MSCI Inc (MSCI)
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Source: Reuters
UPDATE 2-China stocks fall as trade war fears eclipse much-hyped MSCI addition | Reuters Reuters Staff 3 Min Read (Adds midday break prices, paragraph 4) By Samuel Shen and John Ruwitch SHANGHAI, June 1 (Reuters) - Chinese stocks slid on Friday as U.S. tariffs reignited fears of a global trade war, overshadowing China A-shares’ long-awaited inclusion in MSCI’s benchmark market indexes which had been expected to draw a surge of foreign inflows in coming months. The addition was upstaged overnight after the United States slapped tariffs on metal imports from major allies and several quickly retaliated, days ahead of a third round of trade talks between Washington and Beijing which were already looking rocky. While fund managers’ strategies are hard to predict, many analysts had forecast inflows of $10 billion around the inclusion, though tepid cross-border flows on Thursday had hinted at a subdued initial reaction. The Shanghai Composite Index started out flat before ending the morning
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- 1/30/24 - Beat
MSCI
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- 3/13/24 - Form 4
- 3/13/24 - Form 3
- 3/13/24 - Form DEFA14A
- MSCI's page on the SEC website