In today’s briefing:
- Index Rebalance & ETF Flow Recap: KOSPI200, SET50, SMM SP, HSI, HSCI
- Du Pont De Nemours and Company: Major Drivers
Index Rebalance & ETF Flow Recap: KOSPI200, SET50, SMM SP, HSI, HSCI
- The changes to the Hang Seng family of indices and the SSE STAR50 (STAR50 INDEX) were announced post market close on Friday.
- Busy start to the coming week with the MSCI implementation at the close on 28 February and a few announcements to other indices later in the week.
- There were outflows from Tracker Fund of Hong Kong Ltd (2800 HK) during the week taking the YTD outflows to over US$1bn.
Du Pont De Nemours and Company: Major Drivers
- DuPont had a mixed fourth quarter and its revenues were below analyst expectations but the company managed to deliver an earnings beat.
- The company has also succeeded in enhancing its grip on industrial-end markets such as healthcare and aerospace.
- There was a strong pricing growth as well that helped mitigate the impact of inflation.
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