Epoch Times China Reports — FTSE Russell to Drop Xiaomi, Luokung From Indexes on US Order; Scraps AMEC Inclusion

SHANGHAI—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 President Donald Trump. The changes come after the Trump administration in January placed Xiaomi and eight other companies on a blacklist of firms with alleged ties to Chinese military, barring U.S. investors from holding their shares. Xiaomi Corp is to be deleted from the Global All Cap and FTSE Global China A Inclusion indexes, along with Luokung Technology Corp’s N shares from the FTSE Global Total Cap and Micro Cap indexes, the index publisher said. The changes take effect from March 12, FTSE Russell said in a statement, citing the order. It added that the deletions were subject to further guidance from the U.S. Office of Foreign Assets Control. The proposed addition of Advanced …Read MoreNews and stories on China-US relations | The Epoch TimesBusiness, China, China Business & Economy, China-US News, Companies, Markets, US, US News, FTSE Russell, Xiaomi, Luokung, indexes, AMEC

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