Meitu stock falls af­ter MSCI ex­clu­sion

New Straits Times - - Business -

HONG KONG: Shares of Meitu Inc fell as much as 10 per cent yes­ter­day af­ter in­dex provider MSCI re­versed its de­ci­sion to in­clude the Chi­nese selfie app maker in the MSCI China In­dex, with­out giv­ing a rea­son. MSCI said in a state­ment on its web­site Meitu would not be added to its in­dexes. On Tues­day,

MSCI had said it would add Meitu to its China in­dex from June 1 as part of its quar­terly re­view. “We did not con­tact MSCI and have no com­ment on its in­ter­nal de­ci­sion and ac­tion,” said Meitu in a state­ment.

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