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BUZZ-Hot-pot chain Haidilao falls most in over 5 wks on FTSE China 50 index removal

reuters.com · 09/02/2021 02:58
BUZZ-Hot-pot chain Haidilao falls most in over 5 wks on FTSE China 50 index removal

** Shares of China's hot pot chain operator Haidilao International Holding HDALF fall 6.7% to HK$31.45 ($4.04), biggest daily percentage drop since July 27

** Stock on track to snap four straight sessions of gains; top decliner on both Hang Seng Index .HSI and Hang Seng China Enterprises Index .HSCE

** Haidilao, Alibaba Health ALBHF, China Merchants Securities 6099.HK and Hansoh Pharmaceutical 3692.HK will be removed from the FTSE China 50 Index, while Baidu BIDU, Ganfeng Lithium 1772.HK, Geely Automobile GELYF and Sunny Optical SOTGY will be added - FTSE Russell quarterly review for September 2021 (https://bit.ly/3t8YoqW)

** Shares of new joiners Baidu rise 5.5%, Sunny Optical gains 1.6% and Geely up 1.1%

** As part of the quarterly review, China Citic Bank CHCJY and China Securities 601066.SS will be deleted from the FTSE China A50 Index, while COSCO Shipping CICOF and Great Wall Motor GWLLF will be added - FTSE Russell

** The Hang Seng Composite Index .HSCI gains 0.1%

** The Hang Seng China Enterprises Index .HSCE climbs 0.3% while the benchmark index .HSI slips 0.1%




($1 = 7.7763 Hong Kong dollars)


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))