In today’s briefing:
- Russia Could Be Excluded from MSCI EM: Impact on the MSCI Korea EM & Trading Angle
- China Pledges Stronger Economic Policies to Stabilize Growth
Russia Could Be Excluded from MSCI EM: Impact on the MSCI Korea EM & Trading Angle
- According to Reuters, there is a growing possibility that Russia could be excluded from the MSCI indices in the coming days.
- This could result in an estimated inflow of nearly 8.4 trillion won ($7 billion) to the Korean equity market, according to numerous local Korean media outlets.
- Some traders/investors may actually try to buy MSCI Korea (and other EM indices) ahead of this event (exclusion of Russia from MSCI EM) actually taking place.
China Pledges Stronger Economic Policies to Stabilize Growth
- China’s Politburo vowed to strengthen macroeconomic policies to stabilize the economy this year
- The Communist Party’s top officials at a meeting chaired by President Xi Jinping called for stronger prevention of financial risks to maintain stability
- The 25-member Politburo reiterated the need to prioritize economic stability this year
Before it’s here, it’s on Smartkarma
