The securities, which are not traded on the Nasdaq exchange, will be removed from the indexes on Dec. 21. They include China Communications Construction Co, China Railway Construction Corp, CRRC Corp and Semiconductor Manufacturing International Corp, Nasdaq said in a statement.
China condemned the move, saying the effort ran counter to principles of market competition. “The U.S. should stop abusing national power and national security concepts to suppress foreign companies,” Foreign Ministry spokeswoman Hua Chunying said on Dec. 4. Index FTSE Russell said on Dec. 4 it would delete shares of eight Chinese companies in light of moves by the White House.
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