MSCI Could Usher China Markets Into the Big Time

MSCI Could Usher China Markets Into the Big Time

"Global investors are expected to monitor the China markets more closely from now on", Ma said. The Exchange is the tenth largest stock market amongst its emerging market peers. It also advances President Xi Jinping's ambitions to make the yuan a global currency.

MSCI estimated 32 major Saudi stocks would gain emerging market status, giving the country a potential weight of 2.4 percent in its index.

The Saudi market now has a capitalization of about $445 billion.

A decision by US -based index provider Morgan Stanley Capital International (MSCI) to include China's domestic stocks is expected to have a limited impact on South Korean shares, analysts here said Wednesday.

This is why, the A-shares' inclusion in the MSCI indices would increase their global recognition and temper the negative reputation of worthy mainland shares.

Ken Wong, client portfolio manager at Eastspring Investments, said that the 5% inclusion would mean little in terms of fund flows into A shares, but positive for market sentiment and A-shares' standing.

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"We expect the central bank to really remain on the dovish side", added Crédit Agricole's Tresca.

Analysts nevertheless said China's admission to the index would be a good start. That's partly due to trade limits under the stock connect program that links Hong Kong's stock market with that of Shanghai and Shenzhen, Chia said.

MSCI said the decision comes following broad support from worldwide institutional investors, as well as the Chinese stock exchanges loosening it global trading restrictions and pre-approval requirements.

Shares of iShares MSCI Austria Investable Market Index Fund (EWO) have a 7-day moving average of 21.18.

Also, by focusing on large-capitalization stocks, the problems arising from share trading suspension are to a large extent resolved.

Oil prices returned to bear-market territory overnight and the USA benchmark has fallen 20% from its last high point, with cuts by the Organization of the Petroleum Exporting Countries offset by increasing production elsewhere.

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In 2017, internationally-listed Chinese stocks have proven a better bet than their local counterparts.

The CSI300 index was unchanged at 3,552.56 points at the end of the morning session, while the Shanghai Composite Index gained 0.1 per cent, to 3,146.25 points.

China's offshore yuan was little changed at 6.8237 per dollar on Tuesday. MSCI is considering whether to downgrade Nigeria from a frontier nation to a standalone market. President Mauricio Macri lifted capital controls since taking office in December 2015, but MSCI wanted to wait.

A US-based firm is to announce Wednesday whether it will finally include Chinese shares in a key global stock index after three previous rejections.

The review is the fourth straight year MSCI has considered adding the mainland-traded stocks. Investors on the wrong side of the market swing may have to consider what may be in store over the next few months. These indexes serve to manage the implementation of the inclusion of China A shares in investors' portfolios on the schedule of their choosing.

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