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Adani Rout Drags India’s Weighting in EM Index as Taiwan Gains

  • Taiwan pips India to reclaim second spot in MSCI EM Index
  • Index spot reversal highlights broader contagion of Adani rout

India’s weighting in MSCI’s emerging-market benchmark has dropped after the brutal selloff in Adani Group’s stocks, giving away its second spot to Taiwan after a rally in the latter’s market.

As of the end of January, Taiwan’s weighting in the MSCI Emerging Markets Index rose to 14.2%, behind leader China’s 31.2%, while India’s fell to the third spot with 13%, according to Bloomberg-compiled data. India captured the second spot from Taiwan in August.