Hot-pot chain Haidilao falls most in over 5 wks on FTSE China 50 index removal

Haidilao International Holding

02/09/2021 07:58

** Shares of China's hot pot chain operator Haidilao
International Holding  6862.HK  fall 6.7% to HK$31.45 ($4.04),
biggest daily percentage drop since July 27
    ** Stock on track to snap four straight sessions of gains;
top decliner on both Hang Seng Index  .HSI  and Hang Seng China
Enterprises Index  .HSCE  
    ** Haidilao, Alibaba Health  0241.HK , China Merchants
Securities  6099.HK  and Hansoh Pharmaceutical  3692.HK  will be
removed from the FTSE China 50 Index, while Baidu  9888.HK ,
Ganfeng Lithium  1772.HK , Geely Automobile  0175.HK  and Sunny
Optical  2382.HK  will be added - FTSE Russell quarterly review
for September 2021 (https://bit.ly/3t8YoqW)
    ** Shares of new joiners Baidu rise 5.5%, Sunny Optical
gains 1.6% and Geely up 1.1%  
    ** As part of the quarterly review, China Citic Bank
 601998.SS  and China Securities  601066.SS  will be deleted
from the FTSE China A50 Index, while COSCO Shipping  601919.SS 
and Great Wall Motor  601633.SS  will be added - FTSE Russell 
    ** The Hang Seng Composite Index  .HSCI  gains 0.1%
    ** The Hang Seng China Enterprises Index  .HSCE  climbs 0.3%
while the benchmark index  .HSI  slips 0.1%



($1 = 7.7763 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))