News: FTSE Russell proposes Xiaomi index re-inclusion after court suspends U.S. ban.
SHANGHAI (Reuters) – FTSE Russell has proposed that Xiaomi Corp can be re-included in the FTSE Russell indices from June 21, 2021.
The announcement came after a U.S. federal judge temporarily prevented the Department of Defense from forcing American investors to part with Xiaomi because the company has ties to the Chinese military.
FTSE Russell removed Xiaomi from its indices on March 12th.
Reporting by Samuel Shen and David Stanway; Editing by Shri Navaratnam
Original Source © Reuters