FTSE Russell may delete more Chinese firms after US bolsters executive order
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GLOBAL index publisher FTSE Russell said it may delete more Chinese companies from its global benchmarks, after the Trump administration on Monday strengthened an executive order barring United States investment in firms with alleged Chinese military backing.
The executive order, signed by President Donald Trump on Nov 12, triggered a rush by FTSE Russell, MSCI and S&P Dow Jones Indices to remove US-blacklisted Chinese companies from their indices to keep their clients compliant, but the scope of the sanctions was seen as vague.
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