Category: index

Evergrande to Be Removed From Hang Seng China Enterprises Index

November 19, 2021
Business & EconomyChinaChina Business & EconomyCompaniesEconomiesevergrandeHang SengHK BusinessHong KongindexInvestmentMarkets
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HONG KONG—Embattled developer China Evergrande Group will be removed from Hong Kong’s Hang Seng China Enterprises Index, the benchmark provider said on Friday following its regular quarterly review. The Hang Seng Indexes Company does not typically give reasons for changes to its indexes, and did not in Friday’s statement. The Hang Seng China Enterprises Index…

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US Service Sector Index Hits Record High in October; Shortages Worsening: ISM Survey

November 3, 2021
Business & EconomyCompaniesEconomieseconomyindexInternationalISMoctobersectorserviceshortagesUSUS NewsWorld
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WASHINGTON—A measure of U.S. services industry activity surged to a record high in October likely as declining COVID-19 cases boosted demand, but businesses remained burdened by snarled supply chains and the resulting exorbitant prices. The Institute for Supply Management said on Wednesday its non-manufacturing activity index vaulted to a reading of 66.7 last month. That…

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Chinese Telecom Firms Lose $5.6 Billion in Value as Index Providers Drop Them

January 8, 2021
BusinessChinaChina Business & EconomyCompaniesfirmsindextelecom
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SINGAPORE—Index providers MSCI Inc, FTSE Russell and S&P Dow Jones Indices said they would cut three Chinese telecom companies from benchmarks, part of a widening fallout from a U.S. investment ban that has battered their share prices. The deletions of China Mobile, China Telecom, and China Unicom Hong Kong add to a raft of Chinese…

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