REUTERS - Index provider MSCI reclassified equities across a broad spectrum of Asian and emerging markets as part of its May semi-annual index review.
Changes in constituents will take place after markets close on May 30, MSCI said in a statement on Wednesday. https://bsmedia.business-standard.comlink.reuters.com/guv39v
The three largest additions to the MSCI Emerging Markets Index <.MSCIEF> will be Qatar National Bank , Industries Qatar and National Bank of Abu Dhabi .
Notable additions to MSCI China index include China Everbright Bank , Kingsoft Corp and China Huishan Dairy .
Hikari Tsushin Inc , Japan Display Inc , Nagoya Railroad Co Ltd would be added to the MSCI Japan index.
India's Aurobindo Pharma has been upgraded to the MSCI India index from small cap indexes, the statement added.
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Also, MSCI reiterated that MSCI Qatar and MSCI UAE Indices will be reclassified from Frontier Markets to Emerging Markets as decided in previous reviews.
(Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi)