HONG KONG -- The Chinese stock market is bubbling with excitement on hopes that MSCI will decide Tuesday to finally include A-shares in a benchmark index, but some market watchers are warning against staking too much on the decision.
The probability that MSCI will add the mainland-listed, yuan-denominated shares to the Emerging Markets Index rose from 50% to 70%, Goldman Sachs said May 31. An inclusion could spur foreign institutional investors that track the index to snap up mainland-listed stocks. The Shanghai Composite Index jumped about 3% that day, topping 2,900 points for the first time in a month as retail investors sought to get ahead of that trend.
