S&P DJI to remove Chinese firms from indices after US blacklisting – Reuters

After the Trump administration ordered proscribing purchases of shares of ten Chinese companies, S&P Dow Jones Indices stated Thursday it would put off A-shares, H-shares and ADRs of these firms, which include Hikvision and Semiconductor Manufacturing International Corp, from all fairness indices prior to the market open on December 21.

Key takeaways (via Reuters)
“The corporation stated it will additionally do away with eleven securities issued by way of Chinese groups from its constant profits indices earlier than Jan. 1.”

“The order … may additionally influence the capability of market members to replicate S&P DJI Equity and Fixed Income indexes containing securities affected through the order.”

“S&P DJI’s go comes after index company FTSE Russell stated remaining week that it would take away eight Chinese corporations from its merchandise to comply with the US govt order, which barred U.S. traders from shopping for securities of blacklisted companies beginning in Nov. 2021.”

admin

Read Previous

GBP/USD consolidates Brexit wash-out and awaits London’s traders

Read Next

AUD/USD: Dips to 0.7325/50 offer an opportunity to buy – Westpac

Leave a Reply

Your email address will not be published. Required fields are marked *