South Korea, Taiwan again fail to achieve developed market status

London-based index provider FTSE Group has again left officials in South Korea and Taiwan disappointed after it decided to keep them 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 (MSCI) also decided that China A shares did not meet the criteria for inclusion in its series as a secondary emerging market.

Moreover, FTSE’s annual review of country classifications promoted Israel to

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