SINGAPORE (Reuters): Global index providers MSCI Inc and FTSE Russell said they would cut three Chinese telecom companies from their benchmarks in response to a US investment ban, crushing the share prices and widening the fallout from the US sanctions.
The deletions add to the suite of firms already cut from indexes because of the US ban and it likely requires passive investors, such as index tracking funds, to sell the stocks: China Mobile, China Telecom and China Unicom Hong Kong.
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