S&P DJI to Delist 21 Chinese Firms Following Trump’s Executive Order
Dec 10 2020 · 14:59 UTC by Steve Muchoki · 3 min read
Photo: Depositphotos
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In addition to S&P DJI, index provider FTSE Russell noted last week that it will delist major Chinese tech companies from its FTSE Global Equity Index Series.
S&P Dow Jones Indices LLC (S&P DJI) has announced on Thursday that it will delist 21 Chinese firms from its index products following last month’s executive order prohibiting the purchase of certain Chinese securities by US investors.
Notably, the Chinese firms affected by the latest wave include those from mainland-listed A-shares, Hong Kong-listed H-shares and American Depositary Receipts (ADRs). Hangzhou Hikvision Digital Technology Co Ltd and Semiconductor Manufacturing International Corp (SMIC) are among those that the index will remove before December 21.
U.S. Treasuries rose while the dollar slightly eased after a volatile overnight session in currency markets, with traders now looking ahead to a European Central Bank monetary policy meeting
S&P Dow Jones removes 10 Chinese firms from indexes after US order freemalaysiatoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freemalaysiatoday.com Daily Mail and Mail on Sunday newspapers.
U S -China row: S&P DJI removes 10 Chinese firms including Hikvision and SMIC from indexes after order financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.