Asia gets mixed results in MSCI changes

The changes to the Morgan Stanley Capital International indices to account for free floats – the amount of a company’s shares freely available to any foreign portfolio investor – were announced on Saturday. Asia ex-Japan’s total market capitalization weighting in the MSCI World index has been cut by a third, from 3.38% to 2.89%. But individual countries in the region will be gainers – and others even greater losers, say Merrill Lynch co-heads of Asian derivatives research Ken Chang an…