Hong Kong's Hang Seng index drops nearly 2% on tech rout
* Hang Seng index ends down 1.92% China Enterprises index HSCE falls 2.46% Tech sub-index slumps 6.4%, IT down 5.91%
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* Hang Seng index ends down 1.92% China Enterprises index HSCE falls 2.46% Tech sub-index slumps 6.4%, IT down 5.91%
Global index publisher FTSE Russell will drop Xiaomi and another high-tech firm from global and Chinese indexes, it said on Friday, and scrap inclusion of a semiconductor firm, in line with a U.S. executive order by former President Donald Trump.
By Reuters Staff 1 Min Read SHANGHAI (Reuters) - Global index publisher FTSE Russell said on Friday it will delete Luokung Technology Corp’s N shares from its global indexes, in line with a U.S. executive order from former president Donald Trump. Luokung’s shares will be deleted from the FTSE Global Total Cap and Micro Cap indexes effective on March 12, subject to further guidance from the U.S. Office of Foreign Assets Control, it said in a statement, citing the U.S. order. In the same statement, FTSE Russell said the proposed addition of Advanced Micro-Fabrication Equipment to its global...
Global index publisher FTSE Russell will drop Xiaomi and another high-tech firm from global and Chinese indexes, it said on Friday, and scrap inclusion of a semiconductor firm, in line with a U.S. executive order by former President Donald Trump.
Hong Kong stocks climbed the most in six weeks to end higher on Wednesday, lifted by financials, as optimism towards economic growth in China outweighed investor concerns over inflation.