Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

MSCI embraces China's newly-launched STAR tech stocks

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/10/2019 | 05:25am EDT
Gong is pictured before the listing ceremony of the first batch of companies on STAR Market at Shanghai Stock Exchange in Shanghai

SHANGHAI (Reuters) - MSCI plans to include stocks listed on China's newly-launched, Nasdaq-style STAR market in its indexes from next month, as international investors seek opportunities in the world's second largest economy.

Beijing is continuing to open up its financial markets despite the ongoing Sino-U.S. trade spat, while major index providers, including MSCI, FTSE Russell and S&P, have begun or are stepping up index inclusion of China A-shares.

Stocks listed on China's STAR market will be included in the MSCI China Indexes and their derived indexes, if they meet eligibility requirements, MSCI said in a statement on Thursday.

The move could potentially improve liquidity in the market and expand foreign investors' access to the country's tech sector, to which Beijing is providing policy support to reduce its foreign dependence.

China launched STAR in July, as Beijing seeks tech self-sufficiency amid the bruising trade war with the United States.

MSCI said the inclusion is separate from adding China A shares to MSCI China and the MSCI Emerging Markets Indexes.

Following MSCI's announcement, 32 of the 33 stocks on the STAR market gained ground on the day.

(Reporting by Luoyan Liu and Andrew Galbraith; Editing by Alexander Smith)

Stocks mentioned in the article
ChangeLast1st jan.
NASDAQ COMP. -0.83% 8089.54332 Delayed Quote.22.93%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
05:12aECB's Vasle urges fiscal policy action to boost economy
RE
04:55aEgypt's Qalaa Holdings to increase production capacity to 5.5 mln tons per year
RE
04:44aRussia says it missed oil-deal target due to rise in gas condensate output
RE
04:11aOCT. 21, 2019 - 4 : 30 PM to 6:30 PM ET New England Corporate/Education and Non-Broadcast W&W Committee Meeting Read More
PU
02:05aSouth Korea downgrades this year's growth target to 2.0-2.1 percent
RE
10/19XBRL INTERNATIONAL : EIOPA Launches Solvency II Field Test
PU
10/19BOEING BOARD TO MEET IN TEXAS AS SCRUTINY INTENSIFIES : sources
RE
10/19EXCLUSIVE : Kuroda says BOJ can 'certainly' cut short-term rates if it were to ease
RE
10/19IMF to examine climate risk to financial markets - official
RE
10/19China's central banker says yuan level 'appropriate', trade tensions risk to global economy
RE
Latest news "Economy & Forex"