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FTSE Russell proposes Xiaomi index re-inclusion after court suspends U.S. ban

Published 03/15/2021, 08:48 PM
Updated 03/15/2021, 08:50 PM
© Reuters. FILE PHOTO: People wearing protective face masks visit Xiaomi brand's store in Kyiv

SHANGHAI (Reuters) - FTSE Russell has proposed that Xiaomi (OTC:XIACF) Corp should be eligible for re-inclusion in FTSE Russell indexes effective from June 21, 2021.

The announcement came after a U.S. federal judge temporarily blocked the Department of Defense from forcing American investors to divest from Xiaomi on the grounds the company has ties to China's military.

© Reuters. FILE PHOTO: People wearing protective face masks visit Xiaomi brand's store in Kyiv

FTSE Russell deleted Xiaomi from its indexes on March 12.

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