This has to have an effect on the BHP SP...sorry I can't give you a direct link to the article but in today's west Australian ( yes I am from the west!) there was an article regarding South Korea's upgrade to a developing country and, as a consequence,
"the force sell off of about 5 billion worth of blue chip shares over the next few weeksas the reweighting of the FTSE All-World Developed Asia Pacific ex-Japan index is adjusted to recognise the upgrade.
Korea's higher upgrading will mean the loweringof Australia's weighting within th eindexfrom 53% to 45%, forcing index tracking funds to rebalance fund allocations by selling top Australian shares like BHP,Woodside Petroleum and CBA"
reference page 70 west australian sept 5th
korean upgrade and reweighting of the index
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