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Saudi Upgrade to Emerging Market Status From MSCI Is ‘Inevitable,’ HSBC Says
HSBC Holdings Plc, which has the biggest investment bank in Saudi Arabia, says foreign investors are getting ready for their first significant stock purchases in the kingdom as an upgrade to emerging-market status looks likely. It’s “inevitable” that MSCI Inc., whose classifications can influence billions of dollars of asset allocations,…
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Click here to read the full story: Bloomberg