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Adds line on Chinese industrial profits. -...>

STOCKS
STOCKS: Adds line on Chinese industrial profits.
- The major Chinese equity indices underperformed on Wednesday, with the
remainder of the major regional Asia-Pac equity markets ticking higher on the
back of the fresh record highs that were set on Wall St.
- The Chinese underperformance stemmed from the latest round of communique from
MSCI. MSCI noted that it will only consider adding more A-shares to its widely
track indices after China moves to curb worries re: accessibility of its capital
markets. Some of the concerns shared by the index provider were as follows: a
short settlement cycle, holiday skew vs. Hong Kong, limited broker order
placement mechanisms and the need for a deeper suite of hedging tools. The
weakest round of Chinese industrial profit data on record (since 2011 under the
current series) also weighed on local sentiment.
- Nikkei 225 +0.5%, Hang Seng unch., CSI 300 -0.2%, ASX 200 +0.6%.
- S&P 500 futures +2, DJIA futures +4, NASDAQ 100 futures +10.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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