Asia: Three strikes and out?

Author: | Published: 11 Jul 2016

Global and local investors were struggling to make sense of the MSCI's delays on June 14 in including China's A-share market, the world's second largest stock market, in its emerging market index.

It cited the regular intervention of the Chinese government in the daily operation of the A-share market, which has seen its stock valuations pushed down by the regulator to prevent a bubble, as its main reason for the postponement.

But what was more mind-boggling for most...