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Stocks

Hang Lung Group, other stocks added to MSCI indexes rise

HONG KONG -- Hang Lung Group surged 0.400 Hong Kong dollars, or 1.40%, to HK$29.050 on the Hong Kong Stock Exchange after the stock was added to the MSCI Hong Kong Index on Monday local time.

U.S. index provider MSCI announced the addition of the Hong Kong conglomerate as part of its regular overhaul of stocks comprising its indices. That triggered speculation that institutional investors would place buy orders in tandem with the index. None were removed from the Hong Kong Index.

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