S&P DJ Indices is removing 21 Chinese
companies from its indexes, or groups of stocks
and bonds used to track financial market
movements, after Americans were barred from
investing in them as part of a feud with Beijing
over technology and security.
The Chinese government criticized Wednesday’s
move as politically motivated.
The companies affected include surveillance
technology provider Hikvision Digital
Technology Co.; China’s biggest processor chip
manufacturer, SMIC, and state-owned nuclear
power and construction companies.
The announcement follows President Donald
Trump’s Nov. 13 order barring Americans from
buying stocks or bonds issued by companies
that U.S. officials say are owned or controlled by
the Chinese military.
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