HK-listed Wharf hits 1-1/2-year low on deletion from MSCI China Index

Wharf Holdings

11/11/2022 05:54

** Shares of real estate group Wharf Holdings Ltd  0004.HK 
plunge as much as 25.4% to HK$20.10, their lowest since March
2021, as the stock is set to be deleted from MSCI China Index  
    ** Stock on course for worst day since February 2020, if
losses hold; biggest pct decliner in Hang Seng Composite Index
 .HSCI  and in Composite Index on properties and construction
stocks  .HSCIPC  
    ** MSCI Inc  MSCI.N  says in its MSCI Equity Indexes
November 2022 Index Reviews that Wharf Holdings is among the
deletions of the MSCI China Index  .dMICN00000PUS  
    ** MSCI also says the three largest additions to the MSCI
China All Shares Index are China Tourism Group Duty Free
Corporation  1880.HK , Chow Tai Fook Jewellery  1929.HK  and
Datang International Power Generation  601991.SS  
    ** Says there will be 34 additions to and 39 deletions from
the MSCI China All Shares Index and the changes will take place
as close of Nov 30
    ** Hang Seng Composite Index tracking properties and
construction stocks  .HSCIPC  jumps 8.1%, Hang Seng Composite
Index  .HSCI  surges 5.9% and Hang Seng Index  .HSI  up 6.1%
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))