Abstract: Hang Seng Indexes added three stocks with no DELETE in the May review. The first implementation week is complete, and we review current-cycle performance vs history. All three ADDs fell in the first implementation week. The cohort averaged -4.1%, vs the historical ADD mean of -0.6%. The pre-implementation base rates held for the two negative-bridge names. Weeks 2 to 4 then split the cohort: Chalco fell -26.6% while J&T Express and BeOne Medicines rebounded.
J&T GLOBAL EXPRESS, CHALCO, BEONE MEDICINES LTD-H
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