China's Large Caps Surge to 2015 High Amid MSCI, Handover Boost
- SSE 50 Index outperforms Shanghai gauge by the most in 2 years
- MSCI’s global benchmark index picks lead gains on the mainland
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China’s large-cap shares extended their outperformance amid investor optimism about MSCI Inc. inclusion and speculation state-backed funds were keeping markets buoyant before President Xi Jinping’s trip to Hong Kong this week.
The SSE 50 Index of some of the nation’s biggest companies climbed 0.6 percent to 2,543.32, closing at the highest since August 2015. Gains were led by Guotai Junan Securities Co. and China Fortune Land Development Co., which are among the 222 mainland-traded shares that will enter MSCI’s global benchmark indexes. In Hong Kong, the Hang Seng Index rose 0.8 percent, snapping a four-day losing streak.