More Chinese companies will be removed from major US stock indices following an executive order by US President Joe Biden. Photo: Reuters
More Chinese companies will be removed from major US stock indices following an executive order by US President Joe Biden. Photo: Reuters

Major US stock indices to remove more Chinese companies following order by Joe Biden

  • Move by S&P Dow Jones Indices comes after executive order by Biden administation banning investment in businesses thought to have ties to Chinese military
  • FTSE Russell is also planning to drop another 20 Chinese businesses from its benchmarks

More Chinese companies will be removed from major US stock indices following an executive order by US President Joe Biden. Photo: Reuters
More Chinese companies will be removed from major US stock indices following an executive order by US President Joe Biden. Photo: Reuters
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