MSCI, India's Singapore ban just handed you a big whip

(Feb 13): Move over, China. After much coaxing and cajoling, MSCI Inc. has given that country what it craved: an inclusion of Chinese A shares into its globally tracked benchmarks.

The bigger story now is India's shock decision to go the other way. If Beijing sought a reward, New Delhi is begging to be punished.

On the pretext of arresting migration of trading to locations like Singapore or Dubai, New Delhi wants to ban index providers from supplying local securities data to foreign bourses for pricing, trading or settlement.

---

Related Stories

• SGX enjoys FX, iron ore derivatives boost in 1HFY2024; insists spac rules 'work'
• Pegasus Asia to dissolve its spac. Will Novo Tellus follow suit? (update)
• RHB stays 'neutral' on SGX as 'the disappointment continues'

---