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Shares of China’s troubled Country Garden Holdings Co. will be dropped from Hong Kong’s Hang Seng Index, the stock index compiler announced Friday.
The property developer’s shares HK:2007 have tumbled 71% this year, with more than 50% of that move coming in the most recent quarter amid a crisis for the indebted real-estate industry and difficulties for China in restarting its economy after COVID lockdowns.
China’s…
