Bourses subdued as MSCI decision nears

Analysts still see a glimmer of hope for China's A shares to be included in the United States-based Morgan Stanley Capital International Inc's global equity benchmarks later on Tuesday, a move that could potentially increase capital flows to the Chinese mainland bourses.

The MSCI, which provides equity, fixed income, and hedge fund stock market indexes, and equity portfolio analysis tools, is due to announce its review results on Tuesday in New York (5 am Wednesday Beijing time), on whether it will include A shares in its benchmark Emerging Market Index, an influential index tracked by several fund houses.

The Emerging Markets Index has been designed to measure equity market performance in global emerging markets and consists of indexes from nations like Brazil, China, India, Indonesia, South Korea, Malaysia, Mexico, Russia, South Africa, Thailand and Turkey.