Major index FTSE Russell includes Xiaomi stock again
Due to the US government's sanction against Xiaomi, several index providers had removed the stock from their index in order to be compliant in the US market. Now that the ban against Xiaomi has been withdrawn, the FTSE Russell has decided to add Xiaomi and Luokung Tech back into its global indices. Xiaomi will be added to the FTSE index in two tranches, with 50% added from the June 7 opening and 50% from the June 21 opening, FTSE said in a statement.
This briefing is contributed by and first appeared on CIMK.
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