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Sunday, April 11, 2021
Stocks & Shares

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.

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