MSCI cuts dozens of companies from its China benchmark amid stock market rout ...Middle East

By Laura He, CNN Hong Kong (CNN) — Global stock index compiler MSCI is deleting dozens of companies from its benchmark China Index, which could further exacerbate fund outflows from Chinese equities after a massive stock market rout. The index provider announced this week that it would drop 66 securities from the MSCI China Index, one of its flagship China indexes, as part of the company’s latest quarterly review. Five new securities will be added to the index. MSCI’s equity indexes are tracked by institutional investors worldwide for asset allocation and investment analysis. More than 1,370 global exchange-traded funds are linked to its various indexes, according to the company. Th

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