South Korea and Taiwan still emerging markets, says FTSE

FTSE's annual country classification has strong Asia focus


London-based index provider FTSE Group has again kept South Korea and Taiwan classified as advanced emerging markets, as it did in 2005 and 2006. The supplier of the world's most used index series after the Morgan Stanley Capital Index also decided that China A shares did not meet the criteria for inclusion in its series as a secondary emerging market.

Following FTSE's annual review of country classifications, Israel was promoted to developed status from advanced emerging market status. Pakistan

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