China to beat Asia pack on MSCI boost; CSI 300 Index rises over 2%

Development expected to impact overseas flows into regional and emerging markets over time

Chinese shares jumped on Friday, outpacing Asian markets such as India and the Philippines, after global index provider MSCI announced it would increase the weightage of so-called A-shares in its global indices. 

The CSI 300 Index, a gauge for the performance of leading companies listed in Shanghai and Shenzhen, rose more than two per cent. 

In comparison, the MSCI Asia Pacific Index rose just 0.2 per cent. India’s Sensex went up 0.6 per cent while Philippines’ PSEi Index fell nearly a per cent.

MSCI’s decision to boost China stocks’ weight in global benchmark indexes is expected to impact overseas flows into other Asian