PCCW in Internet Index!!!! (Komplette Liste aller Änderungen anbei) - 500 Beiträge pro Seite

[Basic Instinct]

Ich schätze wir werden in den nächsten Tagen/Wochen mit Kurssteigerungen rechnen müssen aufgrund dieser Änderung. Schaut Euch mal die Summen an die hier umverteilt werden müssen (von den Fondmanagern)!!!!!!!!!!

Viele Grüße,
BI

MSCI Adds Cyberworks to Indexes, Drops Cheung Kong (Update7)
By Walden Siew

Hong Kong, May 18 (Bloomberg) -- Morgan Stanley Capital
International added Pacific Century Cyberworks Ltd., Korea Telecom
Corp., and other Asian Internet-related stocks to indexes used as
benchmarks by the global fund management industry.

MSCI`s quarterly reshuffle increased the market value of
Korea, Singapore, Australia and Canada shares in its indexes. It
kept Hong Kong and India`s unchanged but added more technology
stocks. It also covered Indonesia, New Zealand, the Philippines,
the Czech Republic, Poland, Russia, and Jordan.

While Richard Li`s Internet investing company Cyberworks
rallied, his father Li Ka-shing`s property arm Cheung Kong
Holdings Ltd. tumbled as it and other stocks in more traditional
industries were dropped. Global fund managers with at least $325
billion in funds may adjust holdings to avoid customers
complaining their performance lagged MSCI indexes.
``I`m surprised by the move,`` said Tammy Fung, a fund
manager at Darier Hentsch Asia Ltd., which invests $200 million in
Asia excluding Japan. ``I`ll probably reduce the stock`s weighting
in my regional portfolios.``

The most dramatic market reaction came in Hong Kong, within
the two Li family businesses. Cyberworks, Asia`s biggest Internet
company outside Japan by market capitalization, rose 1.7 percent
to HK$14.65 on its inclusion, while Cheung Kong fell 9.4 percent
to to HK$72.25, dragging the Hang Seng Index down 3.5 percent.
``Portfolios will be reshuffled,`` said Ned Riley, chief
investment strategist for State Street Global Advisors, which
manages $730 billion in assets. ``Portfolio managers like to
benchmark to the indexes, controlling their risk by looking at the
index weightings and trying not to be too far away.``

Surprise

MSCI said it dropped Cheung Kong after the value of its
holding in Hutchison Whampoa Ltd., with investments in mobile
phone and Internet businesses, surged to exceed the market value
of Cheung Kong. That left the group open to criticism that it was
being counted twice by MSCI.

Some $180 billion in funds are benchmarked against MSCI`s
EAFE index for stocks outside the U.S. and $145 billion in funds
are measured against the more complete MSCI World index, according
to Merrill Lynch estimates.

Japanese stocks were also hurt as MSCI left Japan`s index
alone. Japanese investors raised their holdings in NTT DoCoMo
Inc., the nation`s largest mobile telephone company, and Seven-
Eleven Japan Co., a retailer with heavy investment in Internet
services, in anticipation MSCI might include them in the index.
``It was not its turn,`` said Henry Fernandez, MSCI chief
executive.

NTT DoCoMo fell 4.3 percent to 3.38 million and Seven-Eleven
Japan shed 4.9 percent to 11,680.

Korea

In Korea, the largest changes were the increase in market
capitalization of SK Telecom, the nation`s largest mobile phone
company, from 50 percent to 100 percent, and the addition of Korea
Telecom, the biggest fixed line service operator, at 20 percent of
its market capitalization.

The largest group of additions in the Korean reshuffle came
from the country`s Kosdaq index of over-the-counter shares
reflecting its 235 percent surge last year.

Internet-related companies such a Serome Technology Inc.,
which provides free telephone calls, Daum Communications Corp.
which provides a free e-mail service, and Trigem Computer Inc., co-
parent of the U.S.`s third-largest direct seller of personal
computers, were included.
``Temporarily the new inclusions may rise as foreign fund
managers include more of them in their portfolios,`` said Park Jae
Hoon, a market strategist at Tong Yang Securities Co. in Seoul.
``But we cannot expect an overall positive effect.``

Investors were more concerned with declines in similar shares
in the U.S. Korea Telecom fell 2 percent as the benchmark Kospi
fell 2.3 percent. SK Telecom Co. gained as much as 2.5 percent at
one time during the morning, but reversed and shed 0.3 percent.

Daum Communications was a few of the shares, which managed to
rise, gaining 4.6 percent, off an earlier decline of 10 percent.

Other Markets

Fernandez said the two most important changes in the India
index were the addition of Zee Telefilms, the country`s largest
media company, and the reduction of software developer Wipro to 30
percent from 100 percent of its market capitalization.

Chartered Semiconductor Manufacturing Ltd. was among five
companies added to the Singapore index. Inchcape Motors Ltd. and
NatSteel Electronics Ltd. were among the three companies dropped
from the countries index.

In Australia, Commonwealth Bank, Aristocrat Leisure, Cochlear
Ltd., and Transurban Group were among the eight companies added to
the country`s index. Two companies -- Email Ltd. and Resolute
Limited -- were dropped.

PT Bhakti Investama Tbk and PT Pabrik Kertas Tjiwi Kimia were
among the seven companies added to the index for Indonesia, while
12 companies were dropped.

A total of 18 Canadian companies were added and 13 deleted.
The five largest additions are Celestica Inc., ATI Technologies,
Manulife Financial Corp., Sun Life Financial Services, and Ballard
Power Systems Inc. Telus Corp. was dropped from the standard
index.

The changes take effect at the end of May 31. Some Asian
markets will have a day to absorb the news, as stock markets are
closed in Malaysia, Singapore, Indonesia and Sri Lanka.

The following is the list of companies added to and subtracted
from the Standard Index provided on {MSCI }:

AUSTRALIA
(Standard Full Revision)

Additions
ARISTOCRAT LEISURE
COCHLEAR
COMMONWEALTH BANK
COMPUTERSHARE
ERG
GANDEL RETAIL TRUST
MIRVAC GROUP
TRANSURBAN GROUP

Deletions
EMAIL
RESOLUTE

HONG KONG
(Complete)

Additions
ASM PACIFIC TECHNOLOGY
ESPRIT HOLDINGS
HENDERSON LAND DEV.
LI & FUNG
PACIFIC CENTURY CYBERWKS (MCF 0.5)
QPL INTERNATIONAL HLDGS

Deletions
CHEUNG KONG HOLDINGS
CHINESE ESTATES HOLDINGS
ELEC & ELTEK INT`L HLDGS
HONGKONG AIRCRAFT HAECO
HONGKONG CONST HOLDINGS
MIRAMAR HOTEL & INVEST.
REGAL HOTELS INT`L
SHUN TAK HOLDINGS
TAI CHEUNG HOLDINGS
WING LUNG BANK

INDIA
(Complete)

Additions
APTECH
DIGITAL EQUIPMENT (INDIA
DSQ SOFTWARE
ESCORTS
ESSEL PACKAGING
GLOBAL TELE-SYSTEMS
HIMACHAL FUTUR COMMUNI.
HUGHES SOFTWARE SYSTEMS
JAIPRAKASH INDUSTRIES
PFIZER
SILVERLINE TECHNOLOGIES
SSI
SUN PHARMACEUTICAL IND
ZEE TELEFILMS (MCF 0.6)

Deletions
ARVIND MILLS
BOMBAY DYEING AND MFG CO
ESSAR STEEL
INDIAN RAYON & INDUSTRIE
NATIONAL ORGANIC CHEM
RELIANCE PETROLEUM
SESA GOA
SOUTHERN PETROCHEM. IND
THERMAX
UNITED PHOSPHORUS
INDONESIA
(Complete)

Additions
ANEKA TAMBANG
BHAKTI INVESTAMA
DUTA PERTIWI
MAKINDO
RAMAYANA LESTARI SENTOSA
TEMPO SCAN PACIFIC
TJIWI KIMIA

Deletions
APAC CENTERTEX CORP
ARGHA KARYA
DARYA VARIA LABORATORIA
DHARMALA INTILAND
DUTA ANGGADA REALTY
GREAT RIVER INT`L
GT KABEL INDONESIA
JAPFA COMFEED INDONESIA
PAKUWON JATI
PUTRA SURYA PERKASA
SIERAD PRODUCE
TRIAS SENTOSA

KOREA
(Complete)

Additions
CHEIL COMMUNICATIONS
DAOU TECHNOLOGY
DAUM COMMUNICATIONS CORP
HAANSOFT
HANDYSOFT CORP
KOREA INFO & COMMUNI. CO
KTB NETWORK
KOREA TELECOM CORP (MCF 0.2)
S1 CORP
SAMSUNG FINE CHEMICAL
SAMSUNG HEAVY INDUSTRIES
SEROME TECHNOLOGY
TRI GEM COMPUTER

CHONG KUN DANG CORP
DAESUNG INDUSTRIAL CO
DONG AH CONSTR. IND`L CO
DONGAH TIRE INDUSTRIAL
DONGKUK STEEL MILL CO
HANIL CEMENT MFG CO
HANKOOK SYNTHETICS
HANKUK CARBON CO
HANKUK GLASS INDUSTRY CO
HANWHA CORP
HYUNDAI ELEVATOR CO
HYUNDAI MARINE &FIRE INS
INCHON OIL REFINERY CO
KOLON INDUSTRIES
KOREA FINE CHEMICAL CO
KOREAN REINSURANCE CO
KUMHO INDUSTRIAL CO
KWANG DONG PHARMA CO
NHONG SHIM
ORIENTAL CHEMICAL IND CO
ORION ELECTRIC
PACIFIC (CHEMICAL) CORP
SAEHAN INDUSTRIES
SAMWHAN CORP.
SEONDO ELECTRIC CO
SEOUL CITY GAS CO
SHINYOUNG SECURITIES CO
SINDO RICOH CO
SK CORP
SKC CO
TAE KWANG INDUSTRY CO
TAE YOUNG CORP
YOUNG POONG MINING&CONST
YOUNGONE CORP

NEW ZEALAND
(Complete)

Additions
AUCKLAND INT`L AIRPOR
WAREHOUSE GROUP

Deletions
None

PHILIPPINES FREE
(Complete)

Additions
MUSIC CORP
SOLID GROUP
UNION CEMENT (HI CEMENT)

Deletions
ALSONS CEMENT CORP
BACNOTAN CONS. IND
C&P HOMES
EEI CORP
KEPPEL PHIL MARINE
MANILA MINING CORP B
MONDRAGON INT`L PHIL
PHILEX MINING CORP B
REPUBLIC GLASS HOLDINGS
ROBINSONS LAND CORP B

PHILIPPINES
(Complete)
Additions
MUSIC CORP
SOLID GROUP
UNION CEMENT (HI CEMENT)

Deletions
ALSONS CEMENT CORP
BACNOTAN CONS. IND
C&P HOMES
EEI CORP
KEPPEL PHIL MARINE
MANILA MINING CORP A
MANILA MINING CORP B
MONDRAGON INT`L PHIL
PHILEX MINING CORP A
PHILEX MINING CORP B
REPUBLIC GLASS HOLDINGS
ROBINSONS LAND CORP B

SINGAPORE
(Complete)

Additions
CHARTERED SEMICONDUCTOR (MCF 0.8)
NATSTEEL ELECTRONICS
OMNI INDUSTRIES
SINGAPORE COMPUTER SYS
WING TAI HOLDINGS

Deletions
INCHCAPE MOTORS
NATSTEEL
ROBINSON AND CO

THAILAND FREE
(FMCF)

BANGKOK BANK FGN
The FMCF changes from 0.7 to 0.6
LAND AND HOUSE FGN
The FMCF changes from 0.6 to 0.7
NATIONAL FINANCE FGN
The FMCF changes from 0.85 to 1
PIZZA FGN
The FMCF changes from 0.85 to 1
SIAM COMMERCIAL BANK FGN
The FMCF changes from 0.85 to 1
UNITED COMMUNICATION FGN
The FMCF changes from 0.7 to 0.8

CANADA
(Complete)
Additions
ATI TECHNOLOGIES
BALLARD POWER SYSTEMS
BIOCHEM PHARMA
BIOVAIL CORP
CELESTICA
CERTICOM CORP
CGI GROUP A
CI FUND MANAGEMENT
COGNOS
DESCARTES SYSTEMS GROUP
FOUR SEASONS HOTELS LV
GEAC COMPUTER CORP
MACKENZIE FINANCIAL CORP
MANULIFE FINANCIAL CORP
PRECISION DRILLING CORP
QLT PHOTOTHERAPEUTICS
SUN LIFE FINANCIAL SVCS
TRIZEC HAHN CORP SV

Deletions
AGNICO-EAGLE MINES
CAMBIOR
CCL INDUSTRIES B
CO-STEEL
COTT CORP
ECHO BAY MINES
EXTENDICARE SV
LAIDLAW
METHANEX CORP
MOORE CORP
SPAR AEROSPACE
TELUS CORP N-VTG(BCT.TEL
TELUS CORP VTG(BCT.TELUS

CZECH REPUBLIC
(Complete)

Additions
None

Deletions
DEZA
NOVA HUT
PVT PODNIK VYPOCET.TECH.
SEVEROCESKE DOLY
SKODA PLZEN

JORDAN
(Complete)

Additions
ARAB BANK (MCF 0.2)

Deletions
ARAB ALUMINIUM INDUSTRY
JORDAN IND`L RESOURCES
JORDAN KUWAIT BANK
UNIVERSAL MODERN INDS

POLAND
(Complete)

Additions
AGORA (MCF 0.3)
BANK PEKAO (MCF 0.2)
SOFTBANK

Deletions
EXBUD
RAFAKO (FABRYKA KOTLOW)
WBK

RUSSIA
(Complete)

Additions
NORILSK NICKEL COMN (USD (MCF 0.6)

Deletions
None

[mirus]

Hi, Basic Instinct!

Toller Beitrag - danke!

Gruß - mirus

[Basic Instinct]

Leider wieder ein langer Beitrag (über China Beitritt zur WHO) aber sehr interessant. Diese Woche ist wohl kritisch für die Beitrittsverhandlungen. Erfolgreiche Verhandlungen, also Beitritt von China zur WTO, würde auch unsrer PCCW (sowie allen China Werten) sehr helfen. Es gibt aber noch viele kritische Punkte die im folgenden Bericht gut beschrieben sind. Hoffen wir aufs beste!!!

Grüße
BI

---------------------------------------------------------

Top World News
Thu, 18 May 2000, 9:17am EDT
EU, China Move Closer to WTO Accord; Talks to Continue Tonight
By Eugene Tang


Beijing, May 18 (Bloomberg) -- China and the European Union
moved closer to an agreement on conditions for China`s membership
in the World Trade Organization and will continue negotiating
tonight, an EU official said.
``It`s like cooking -- you add the ingredients, give it time,
and it has to be just right,`` said Anthony Gooch, spokesman for
EU Trade Commissioner Pascal Lamy. ``It`s been looking as though
it will turn out.``

Lamy and Chinese Foreign Trade Minister Shi Guangsheng are
reconvening tonight after leaving the negotiations to lower-level
trade officials for most of the afternoon, Gooch said.

Four days of haggling have so far failed to yield an
agreement as the 15-nation EU, the world`s biggest trading bloc,
pushes China for concessions ranging from majority ownership of
phone and insurance ventures to lower tariffs on European cars.
``There are still difficulties -- more than we would like,``
Gooch said before Lamy and Shi reconvened talks at 7 p.m. He said
earlier today the two sides were haggling over ``five or six
areas.``

EU officials said yesterday the talks were in danger of
collapsing and called on Chinese Premier Zhu Rongji to step in and
push through an accord.

U.S. Vote

The talks come a week before a U.S. Congress vote on whether
to grant China permanent ``normal trade relations,`` crucial to
China`s WTO bid. The pending U.S. vote steps up pressure on both
the EU and China to seal an agreement.

Failure to reach an agreement this week could galvanize
opposition to China`s bid in the U.S., where next week`s vote is
still too close to call. The bill`s supporters argue that without
the bill, the benefits of China`s WTO membership will flow to the
EU instead of the U.S.

EU demands for concessions such as 51 percent ownership of
telecommunications ventures ``are probably unrealistic,`` said
Dong Tao, senior regional economist at Credit Suisse First Boston
in Hong Kong.

Those demands, which go beyond what China offered the U.S. in
a November market-opening accord between the two sides, have
caused three earlier rounds of EU-China negotiations to end
without an accord.
``I simply don`t think there`s much room for China to
compromise,`` Tao said. ``The EU needs China`s market`` and will
ultimately have to scale back its demands, he said.

Gooch said today EU negotiators would extend their stay in
Beijing beyond tomorrow if an agreement looked imminent.

Sticking Points

The telecommunications market has been a key sticking point
in the talks. European phone-service providers such as France
Telecom SA, Telecom Italia SpA and Deutsche Telekom AG want to
supply their products to companies as well as individuals, and
cell-phone makers such as Nokia Oyj and Ericsson AB want freer
access, EU officials said.

European insurers are also angling for a piece of the Chinese
market as China cuts back on government welfare benefits, forcing
hundreds of millions of workers to shoulder more of their own
health-insurance and pension costs.

China is also balking at EU demands for more access for
retailers such as Swedish furniture company Ikea AB, U.K.
drugstore chain Boots Co. and French supermarket operator
Carrefour SA. The dispute centers on the number and size of stores
they can open, EU officials said.

The EU wants China to cut tariffs on European cars and end
its monopolies on silk, tobacco, fertilizer and oil. The Chinese
government has said its monopoly on the import of crude oil is non-
negotiable, officials said.

[Basic Instinct]

Hong Kong Stocks Mixed; Henderson Rises as Cheung Kong Declines
By Paul Scanlon

Hong Kong, May 19 (Bloomberg) -- Hong Kong`s Hang Seng Index
rose, led by Henderson Land Development Co. and other new
additions to Morgan Stanley Capital International`s indexes, as
funds reorganize their portfolios to mirror the indexes` changes.

Cheung Kong Holdings Ltd. fell as much as 2.1 percent as
Singapore-based funds which were on holiday yesterday adjusted
their portfolios to match MSCI`s latest changes, announced this
week. Its losses were limited after chairman Li Ka-shing said he
planned to buy the company`s shares.
``There remains some strong selling pressure on Cheung Kong
in the near term out of Singapore,`` said John Lo, assistant
director at BNP Prime Peregrine Ltd. BNP values Cheung Kong, which
own 49.97 percent of Hutchison Whampoa Ltd., at HK$90.42 per
share.

The Hang Seng Index gained 75.56, or 0.5 percent, to
14,398.16. Within the 33-share index, 13 stocks rose, 10 fell, and
10 were unchanged. Cheung Kong was the most active, with HK$628
million of shares changing hands.

In China, B shares that foreigners can own rose. The Shanghai
B-share index rose 0.5 percent to 42.41. In Shenzhen, the B-share
index rose 0.1 percent to 88.28.

The following is a list of companies whose shares were
active.

Hong Kong stocks:

Cheung Kong (Holdings) Ltd. (1 HK ), Hong Kong`s
biggest real estate developer, extended its two day slump of more
than 13 percent to slide as much as HK$1.50, or 2.1 percent, to
HK$71.25. Funds based in Singapore which were closed yesterday for
a holiday sold the stock after MSCI deleted it from its indexes.
The stock`s losses were limited after chairman Li Ka-shing, who is
the city`s most prominent billionaire, said he plans to increase
his shareholding in the company.

Stocks which were added to MSCI indexes rose as fund managers
bought them in order to bring their holdings of Hong Kong stocks
in line with these indexes which they track. MSCI`s changes take
effect on May 31. Pacific Century CyberWorks Ltd. (1186 HK
), the biggest Internet company in Asia outside Japan,
rose 20 cents, or 1.3 percent, to HK$15.30. Henderson Land
Development Ltd. (12 HK ), the third-largest real estate
developer, rose HK$1.10, or 3.6 percent, to HK$31.40. Li & Fung
Ltd. (494 HK ), a trading company, rose HK$1.90, or 5.9
percent, to HK$34.40.

Some telecommunications and Internet companies fell along
with their U.S. counterparts after the Nasdaq Composite Index fell
for a second day, down 2.9 percent. Hutchison Whampoa Ltd. (13 HK
), controlled by Li Ka-shing, fell HK$1.75, or 1.8
percent, to HK$96. Legend Holdings Ltd. (992 HK ), China`s
No. 1 computer maker, fell 5 cents, or 0.6 percent, to HK$8.60.

China-related shares rose on expectations of higher earnings
after U.S. Federal Reserve Chairman Alan Greenspan joined
President Bill Clinton in support of China attaining permanent
trading privileges with the U.S. China Shipping Development Co.
Ltd. (1138 HK ), China`s biggest domestic cargo shipper,
rose 4 cents, or 3 percent, to HK$1.41. China Southern Airlines
Co. (1055 HK ), the nation`s largest carrier by fleet
size, rose 3 cents, or 1.8 percent, to HK$1.71.

Cable & Wireless HKT Ltd. (8 HK ), the city`s
dominant telephone company, rose 10 cents, or 0.6 percent, to
HK$18.35. HKT will invest more than HK$1 billion in the next three
years to expand its data services to companies, the Hong Kong
Economic Journal reported, citing HKT deputy chief executive
Norman Yuen.