HONG KONG -- Chinese shares rallied on Wednesday after MSCI said it would consider lifting the weighting of mainland stocks in its widely tracked global benchmark indexes, closing above the 2,800 level for the first time in nearly two months.
The U.S. provider of market indexes said it was launching "consultation on a further weight increase of China A-shares" to 20% in its indexes, following the initial 5% inclusion of domestically traded large-cap shares earlier this year. MSCI said it is seeking comment from investors on its proposal and will announce its decision at the end of February 2019, while noting that the consultation might not necessarily result in changes to its indexes.
