The mighty information technology sector, which has surged to a dominant position in the world of emerging market equities, is about to be cut down to size.
But some think this might be good news for Chinese internet heavyweights Alibaba and Tencent, which are about to be stripped of their status as tech companies — in the eyes of MSCI and S&P Dow Jones Indices at least.
The two index providers are about to press the button on the largest revamp of their sector classifications for at least a generation.
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