MSCI pointed out that foreign investors were still concerned about the complexity of the revised rules and that additional time is required to assess the implementation of these measures. — Reuters
SOUTH Korea again failed to obtain the reclassification of its stock market as a developed market by global index provider MSCI after the country reimposed a full ban on stock short selling, which overshadowed positive assessment among foreign investors of the country’s efforts to lower the barrier for access to financial markets here.
According to a statement last week, Morgan Stanley Capital International recognised (MSCI) and welcomed some of the measures that South Korea has announced with the aim of improving the accessibility of its equity market for foreign investors.
