MSCI to swap Alibaba’s New York shares with Hong Kong in stock indexes


Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015.

Brendan McDermid | Reuters

BEIJING — Stock index giant MSCI said Wednesday it is removing the U.S.-listed shares of Alibaba from its global indexes, and replacing them with Alibaba’s Hong Kong-traded shares.

The move, set to take effect after the close on May 27, could see trillions of U.S. dollars tracking those indexes leave the U.S. Trading volume for Alibaba’s Hong Kong shares, which is a fraction of those listed in the New York, could also surge.

The affected indexes include the benchmark MSCI Emerging Markets Index that many institutional investors use to determine how…


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