Alibaba Eligible for MSCI Equity Indexes as Russia Snubbed

MSCI Inc. will allow some companies with overseas stock-market listings in its equity indexes, opening the door to China’s Alibaba Group Holding Ltd. while excluding Russian firms amid economic sanctions.

Companies with listings outside their home country will be eligible for entry into MSCI’s global indexes starting in November, the New York-based company said in an e-mailed statement dated Jan. 15. Russian shares will remain excluded because of investor concerns, MSCI said, without elaborating.