Well, it started on May26 when FTSE decided to include A-shares in its emerging indices. Funds pulling out and stockpiling into the A-shares ahead of MSCI decision ahead.
http://www.bloomberg.com/news/articles/2...ng-indexes
Then the liquidity rules appeared which were bad for the Jardines (abt time i think!).
The confluence of the above 2 prob accounted for most of the sell-off in all the index stocks, esp the Jardines+banks+Singtel which account for 50% of the STI.
http://www.bloomberg.com/news/articles/2...ng-indexes
Then the liquidity rules appeared which were bad for the Jardines (abt time i think!).
The confluence of the above 2 prob accounted for most of the sell-off in all the index stocks, esp the Jardines+banks+Singtel which account for 50% of the STI.