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China Shares Rise After Mainland Stocks Win Inclusion by MSCI

  • Gains seen as "window dressing" by national team: Core-Pacific
  • Index compiler predicts inflows of $17 billion from inclusion
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MSCI Delays Argentina, Saudi Arabia EM Decisions

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China’s stocks rose after MSCI Inc.’s decision to include the nation’s domestic equities in its benchmark indexes.

The CSI 300 Index extended gains to 1.2 percent to the highest close since December 2015, spurring some analysts to speculate that state-backed funds may have bought shares. Zhejiang Dahua Technology Co., one of the mainland-traded companies MSCI is set to add to its indexes, surged to a record finish. Ping An Insurance Group Co., the largest-weighted stock in the mainland benchmark, advanced 2.8 percent to the highest close since 2008. Hong Kong’s Hang Seng Index dipped 0.6 percent amid regional declines.