Cathay Pacific dropped from Hong Kong's benchmark index
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
Heritage food and high drama at The Peranakan Club
Meet the women who run one of Singapore’s most trusted hotel brands