Taiwan drops in MSCI index weighting


TAIPEI — Morgan Stanley Capital International (MSCI) said Wednesday it has cut Taiwan’s weighting in two of its major indexes. After its November semi-annual index review, MSCI said it has downgraded Taiwan’s weighting in the MSCI Asia Pacific Index (excluding Japan) by 0.2 percentage points to 18 percent, while the island’s weighting in the MSCI Emerging Markets Index has been cut by 0.1 percentage points to 10.4 percent.

The adjustments will become effective Nov. 30.

MSCI has also added 7 Taiwanese stocks to the Asia Pacific Index; these are China Motor, Sino American Silicon Products, China Petrochemical Development, Highwealth Construction, LCY Chemical, Tainan Spinning and Nankang Rubber Tire.

The seven are part of a total of 43 stocks MSCI is adding to the index.

MSCI is also deleting three Taiwanese stocks from the Asia Pacific Index; these are Chinese Gamer International, Compal Communications and Micro Star International.

The three are among a total of 13 stocks MSCI is removing from the index. Taiwan stocks fell yesterday, with the weighted index TAIEX dropping 13.68 points, or 0.16 percent, to 8,436.95.