FTSE Russell says will delete Xiaomi from global indexes on U.S. order

Reuters | Shanghai | Updated: 05-03-2021 15:57 IST | Created: 05-03-2021 15:26 IST
FTSE Russell says will delete Xiaomi from global indexes on U.S. order
Image Credit: Flickr

Global index publisher FTSE Russell said on Friday it will delete Xiaomi Corp from its global and China indexes in line with a U.S. executive order from then-president Donald Trump.

The removal of the Hong Kong-listed stock from FTSE's Global All Cap index and the FTSE Global China A Inclusion indexes will be effective on March 12, subject to further guidance from the U.S. Office of Foreign Assets Control, said in a statement.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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