MSCI and FTSE delisted China Oil Company CNOOC today (26/1) and tomorrow (27/1)
MSCI and FTSE delisted China Oil Company CNOOC today (26/1) and tomorrow (27/1) Daily News Sharing After China Mobile Limited (941.HK) , Semiconductor Manufacturing International Corp (981.HK), and C hina Telecom (728.HK), global indices like MSCI and FTSE announced that they would delist CNOOC (883.HK) in its index because of the executive order of the U.S.. Today, MSCI finished its rebalancing in MSCI China All Shares Indexes, more than 100 billion At the same time, FTSE would delist CNOOC (883.HK) tomorrow in its FSTE China A50 Index . After the effect of delisting, the delisting is not affected the stock market, but also affected the bond market. JP Morgan points out that the banning on China firms could affect $60 billion of bonds. JP Morgan estimated that around “US$55-60 billion of bonds would be affected if the Treasury acts.” The investment bank also calculated that $1.3 billion would outflows in China Market because institutional investors are forced ...