Shanghai stocks jump on MSCI call, buck Asia retreat

 21 Jun 2017 - 11:15

Shanghai stocks jump on MSCI call, buck Asia retreat
Investors look at computer screens showing stock information at a brokerage house in Shanghai, China, April 21, 2016. REUTERS/Aly Song/File Photo.

AFP

Hong Kong: Chinese stocks bucked an Asia-wide trend Wednesday to end higher after index compiler MSCI agreed to include high-cap, mainland-listed shares in its benchmark of emerging markets.

The Shanghai Composite Index rose 0.52 percent, or 16.20 points, to 3,156.21, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.43 percent, or 8.13 points, to 1,887.19.

But in Hong Kong the Hang Seng Index fell 0.57 percent, or 148.46 points, to 25694.58.