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.
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.