Kuehne + Nagel and HSBC Filling Void Left by Credit Suisse
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Next week, Credit Suisse shares will be delisted, bringing a 167-year history to an end. Two firms are lined up to fill the void.
On June 12, Credit Suisse shares are to be delisted from the Swiss stock exchange. The following day its shares will drop out of the Swiss blue-chip SMI, to be replaced by freight forwarder Kuehne + Nagel, according to the stock exchange operator SIX.
Semiconductor supplier Meyer Burger moves up in the SMIM index of mid-sized companies, while chocolate producer Lindt & Spruengli moves up in the Swiss Leader Index SLI.
In Asia, HSBC is replacing Credit Suisse at one of the major financial events in In Hong Kong, where the Swiss bank held the annual Asia Investment Conference, of which the 26th and final one was held in March.
HSBC is planning to hold a conference in Hong Kong from April 8 to 10 and expects more than 2,000 visitors. The event will be held at the Conrad Hotel, the same venue where Credit Suisse held its Asia conference for years.
Questions & Answers
Q.Which company will replace Credit Suisse in the Swiss blue-chip SMI index?
Which company will replace Credit Suisse in the Swiss blue-chip SMI index?
Freight forwarder Kuehne + Nagel will replace Credit Suisse in the Swiss blue-chip SMI index. This change occurs the day after Credit Suisse shares are delisted from the Swiss stock exchange.
Q.Where will HSBC hold its new investment conference in Hong Kong?
Where will HSBC hold its new investment conference in Hong Kong?
HSBC plans to hold its investment conference at the Conrad Hotel in Hong Kong. This is the same venue where Credit Suisse previously hosted its annual Asia conference for many years.