SGX Plunges Most in 17 Years as MSCI Signs Pact with Hong Kong

HKEX plans to sell 37 MSCI futures and options contracts
Singapore futures, options to stay with SGX when accord ends

Singapore Exchange Ltd. signage stands inside the bourse's headquarters in Singapore. — Singapore Exchange Ltd. signage stands inside the bourse's headquarters in Singapore.
Photographer: Ore Huiying/Bloomberg

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By Ishika Mookerjee, Kiuyan Wong, and Abhishek Vishnoi

May 27, 2020 at 1:29 AM EDT

Updated on

May 27, 2020 at 5:27 AM EDT

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Shares in Singapore Exchange Ltd. plunged after MSCI Inc. announced it will move licensing for derivatives products on a host of gauges to Hong Kong from Singapore.

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Before it’s here, it’s on the Bloomberg Terminal

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