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Index provider FTSE Russell says will drop shares of eight Chinese companies

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Index provider FTSE Russell said on Friday it will delete shares of eight Chinese companies from certain products after a U.S. order barring trading of firms linked to the Chinese military.

In a statement sent by a spokesman for owner London Stock Exchange Group, FTSE Russell said it will remove shares in companies including Hangzhou Hikvision, China Railway Construction Corp, and China Spacesat.

FTSE Russell said it acted following feedback from index subscribers “and other stakeholders,” and that it was following its policy when sanctions are imposed that restrict investments.

 

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The move comes after US order barring the trading of firms having links with Chinese military .

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