British index provider to drop eight Chinese corporations after US blacklisting

FTSE Russell, an arm of the London Stock Exchange, announced plans to delete shares of eight Chinese firms from certain products shortly after Washington added them to a blacklist of companies with alleged Chinese military ties.

The international index provider will remove shares of the eight enterprises from its FTSE Global Equity Index Series (GEIS), its FTSE China A Inclusion indices, and associated indices beginning on December 21 following the quarterly index review.

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