Argentina decision delayed, but Saudi Arabia moves step closer to emerging market

|By:, SA News Editor

Alongside the long-awaited addition of China A shares to its Emerging Markets index, MSCI delays doing so for Argentina (it remains in the frontier markets club).

Saudi Arabia moves to the watch list for potential classification as an emerging market, with MSCI noting a number of improvements, including the introduction of short selling and securities borrowing and lending facilities.

Argentina ADRs are sharply lower after-hours: YPF -12.2%, EDN -10%, CRESY -5.7%, TGS -2.1%.

Relevant ETFs: ARGT, GULF, KSA

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