MSCI trims TAIEX weight eighth times

EXPECTED DECLINE:The trimming of the market’s weighting should have a short-term effect since it was expected as exports and technologies slow, an analyst said

Taipei Times
Date:  Aug 15, 2015
By: Lauly Li  /  Staff reporter

Morgan Stanley Capital International (MSCI) reduced the TAIEX’s weight for the eighth straight quarter, prompting a downturn in the TAIEX of 0.07 percent.

The TAIEX yesterday dropped to 8,365.64 on turnover of NT$72.23 billion (US$2.23 billion).

The global stock index provider yesterday trimmed Taiwan’s weighting in the Emerging Markets Index from 12.54 percent to 12.5 percent and the weighting in the Asia ex-Japan Index from 14.87 percent to 14.83 percent.     [FULL  STORY]

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