Cathay Pacific dropped from Hong Kong's benchmark index
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Hong Kong
HONG Kong's struggling flag carrier Cathay Pacific was removed on Friday from the prestigious list of companies that make up the city's benchmark index.
The removal from the Asian financial hub's Hang Seng Index will take place from Dec 4, the Hang Seng Indexes Company said in a statement late on Friday. The company has been on the index since 1986.
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