MSCI hikes Israel to developed, passes over Korea

Posted on June 15, 2009 at 19:13 PM EDT

Investment services firm MSCI Barra said late Monday it had reclassified its Israel index as â€œdevelopedâ€ in a move expected to jolt stocks on the Tel Aviv Stock Exchange.

Related Stocks:

Check Point Software Technolog MSCI Standard & Poors 500 iShares MSCI Emerging Markets Index Fund iShares Trust MSCI EAFE Index Fund

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