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FTSE Russell stated it’ll maintain South Korea on the watch checklist for inclusion to its international bond index — and India for the emerging-market equal — prolonging the international locations wait to get into key market gauges.
Korean authorities are enterprise initiatives to enhance the construction and accessibility of its capital markets which require native legal guidelines and laws to be amended and will not be full till 2024, FTSE stated in an announcement on Thursday. The index supplier will search proof from market contributors on the efficacy of the enhancements and whether or not they’re working as meant previous to any reclassification choice, the agency stated.
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