Cathay Pacific dropped from Hong Kong's benchmark index

AFP

2017/11/10 | 280 words | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

Hong Kong's struggling flag carrier Cathay Pacific was removed Friday from the prestigious list of companies that make up the city's benchmark index. The removal from the Asian financial hub's Hang Seng Index will take place from December 4, the Hang Seng Indexes Company said in a statement late Friday. The company has been on the index since 1986."It a very negative news, especially not many people were expecting it will be taken off at this point," financial analyst Jackson Wong told AFP."...(…)

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