Global index provider MSCI Inc yesterday announced that it would trim Taiwan’s weighting in two of its major indices and leave it unchanged in another in keeping with a quarterly index review. MSCI said it would remove Formosa Petrochemical Corp from the Taiwanese components. Analysts said the removal reflected a decline in the share price of Formosa Petrochemical, which was down by almost 21 percent since the beginning of this year as of Monday.
MSCI said it would increase the weighting of Taiwan Semiconductor Manufacturing Co by 0.2 percentage points to 51.22 percent, as it expects the world’s largest maker of advanced chips would emerge as a major beneficiary of an artificial intelligence boom.
Read the full article on taipeitimes.com: MSCI to trim Taiwan’s weighting in two indices
