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Data: FactSet; Chart: Harry Stevens/Axios

After the worst performance in a decade in 2018, China's stock market has been one of the best performers in the world in 2019.

  • Its outperformance of the U.S. has largely been driven by gains this month, which has seen onshore Chinese stocks rise a full 10% more than the S&P. Of note was Monday's 6% gain after President Trump delayed a planned tariff increase on Chinese goods.

Driving the news: Today, index maker MSCI will announce its decision on increasing the number of onshore Chinese companies in its indexes. So far, just 5% of the so-called A shares are included, but investors expect to see that rise to around 15%.

Details: A shares would be added to the MSCI World and China indexes as well as the Emerging Markets index, which tracks $1.9 trillion of securities.

The bottom line: Raising the level of A shares would underscore China's progress in opening up its markets despite tensions with Washington, less than a year after MSCI admitted Chinese A shares to its index for the first time — after 3 rejections.

Go deeper: China's unclear economic outlook

Go deeper

Updated 2 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7:45 a.m. ET: 34,010,539 — Total deaths: 1,014,958 — Total recoveries: 23,662,200Map.
  2. U.S.: Total confirmed cases as of 7:45 a.m. ET: 7,234,257 — Total deaths: 206,963 — Total recoveries: 2,840,688 — Total tests: 103,939,667Map.
  3. Education: School-aged children now make up 10% of all U.S COVID-19 cases.
  4. Health: Alarming vaccine skepticism. Moderna says its coronavirus vaccine won't be ready until 2021
  5. Travel: CDC: 3,689 COVID-19 or coronavirus-like cases found on cruise ships in U.S. waters — Airlines begin mass layoffs while clinging to hope for federal aid
  6. Business: Real-time data show economy's rebound slowing but still going.
  7. Sports: Steelers-Titans NFL game delayed after coronavirus outbreak.

America's nightmare foretold

Illustration: Sarah Grillo/Axios

President Trump made it clear at the debate that he’ll continue to call the results fraudulent — and contest the outcome in key states — no matter how wide the margin. That’ll be amplified by a massive amount of disinformation, even though the platforms are trying to curtail it.

Why it matters: Back in 2000, we didn’t know Bush v. Gore was going to happen. We know this is going to happen.

2 hours ago - Technology

Congress looks to squeeze Big Tech ahead of election

Illustration: Sarah Grillo/Axios

Tech companies are bracing for a tough day in three separate Capitol Hill committees Thursday, as lawmakers move to show they're tough on social media platforms in the days leading up to the election.

Why it matters: Big Tech has become a go-to punching bag for both the right and left, and tech policy has become increasingly fertile ground for grievance politics.