MSCI Optimism Revives China Stocks With Biggest Gain Since March
- Goldman Sachs raises odds of MSCI inclusion to 70 percent
- Investors undeterred by sudden plunge in equity-index futures
MSCI to Fully Add 13 China ADRs
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Chinese stocks were shaken out of their May torpor after Goldman Sachs Group Inc. said it was likely the nation’s shares would be included in MSCI Inc.’s global benchmark indexes.
The Shanghai Composite Index jumped 3.3 percent at the close for its biggest increase in almost three months. The gains were accompanied by a pick up in turnover, which had fallen to levels last regularly seen in 2014, while brokerages surged. The rally was uninterrupted by a sudden plunge in stock-index futures, which fell by the 10 percent daily limit before snapping back in less than a minute.