Mainland Shares End Down on Profit-Taking After MSCI Lifts Their Weight
Xu Wei
/SOURCE : yicai

(Yicai Global) Nov. 8 -- Chinese stock markets closed down as investors took profits after MSCI's announcement it will raise the weighting of mainland stocks in its Emerging Markets Index gave a bump to morning trading.

The Shanghai Composite Index wound up 0.49 percent lower at 2,964.18, while the Shenzhen Component Index fell 0.22 percent to 9,865.34 at the finish. The ChiNext Price Index, which tracks Shenzhen-listed growth enterprises, dipped 0.25 percent to 1,711.22.

MSCI will increase the weight of existing large-caps and add a batch of mid-caps to take mainland-listed shares' overall weighting to 4.1 percent in its EMI after markets close on Nov. 26, the New York-based indexer said yesterday.

Editor: Ben Armour

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