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flag MSCI removes 66 Chinese companies from its global benchmark indices.

flag MSCI has decided to remove 66 Chinese companies from its global benchmark indices, which may result in additional selling of Chinese stocks. flag The changes are effective as of the close on February 29 and include removing companies from the MSCI China Index and the MSCI All-Country World Index. flag This move adds to the risk of selling Chinese stocks, as global fund managers tracking those indices will have to remove these stocks from their portfolios. flag The removal of Chinese companies from the MSCI indices follows a market rout that has erased trillions of dollars in value from the nation's stocks, impacting companies such as Gemdale Corp., Greentown China Holdings Ltd., China Southern Airlines Co., and Ping An Healthcare and Technology Co.

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