-- MSCI Inc. continues to cull China stocks from its indexes, setting the stage for a further drop in the nation’s share of a key emerging-market benchmark.In DNC, Chicago’s Embattled Transit System Faces a High-Profile Test
The deletions may further increase the downside for China’s already battered market, with index-tracking funds forced to sell these shares. The largest such fund, the US-listed iShares MSCI China ETF, is part of the at least $7.9 billion tracking the MSCI China Index. HDFC Bank is set to gain the most, with its increased weight likely to attract $1.8 billion of inflows in the near term and another $1.8 billion by November, Abhilash Pagaria, head of alternative and quantitative analysis at Nuvama Wealth Management Ltd., wrote in a note.