The World's Hottest Stock Market About to See $46 Billion Pour In
- Chinese stocks rose after MSCI boosted weighting in EM index
- Share could climb further as economy opens up to foreigners
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There’s some serious money heading to Chinese stocks, already the world’s best performing equity market this year.
After MSCI Inc. announced Thursday that it would boost the weighting of China’s onshore shares in its emerging market index, more than $46 billion is poised to pour in from funds that track the gauge, according to Bloomberg estimates. Chinese equities climbed to the highest since June on Friday, leaving them up 20 percent this year after gains spurred by speculation the government will take steps to bolster the economy.