Shares of Meitu seesaw
The Hong Kong-listed shares of Meitu began seesawing this week as an index publisher decided to, then against including the Chinese selfie app provider in its MSCI China Index.
MSCI is a U.S. company that publishes a number of indexes and provides equity analysis tools. On Tuesday it decided against including Meitu in its China index.
The next day, Meitu’s shares dropped more than 10%, hitting 9.70 Hong Kong dollars, their lowest point in three months.