Index providers react to Trump executive order, drop companies with links to China's military
Pushing Chinese companies off US exchanges may enliven China's capital market, weigh on the US dollar
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THIS week, S&P Dow Jones Indices and FTSE Russell will begin excluding from their index products a slew of Chinese companies that outgoing US President Donald Trump has accused of having ties to China's military.
Another key index provider, MSCI, is expected to similarly adjust its index products after the New Year.
On Nov 12, President Trump signed an executive order that prohibits US investors from buying securities issued by companies his administration deems to be supporting China's military and intelligence activities.
