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apple developer:FTSE Russell to drop Xiaomi, Luokung from indexes on U.S. order; scraps AMEC inclusion

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FILE PHOTO: The logo of Xiaomi is seen inside the company's office in Bengaluru, India, January 18, 2018. REUTERS/Abhishek N. Chinnappa/File Photo SHANGHAI (Reuters) - Global index publisher FTSE Russell will drop Xiaomi and another high-tech firm from global and Chinese indexes, it said on Friday, and scrap inclusion of a semiconductor firm, in line with a U.S. executive order by former President Donald Trump.The changes come after the Trump administration in January placed Xiaomi and eight other companies on a blacklist of firms with alleged ties to Chinese military, barring U.S. investors from holding their shares.Xiaomi Corp is to be deleted from the Global All Cap and FTSE Global China A Inclusion indexes, along with Luokung Technology Corp's N shares from the FTSE Global Total Cap and Micro Cap indexes, the index publisher said.The changes take effect from March 12, FTSE Russell said in a statement, citing the order. It added that the deletions were subject to further guidance from the U.S. Office of Foreign Assets Control.The proposed addition of Advanced Micro-Fabrication Equipment to global and China indexes would "not proceed as previously announced," the company said.Xiaomi did not immediately respond to a request for comment.At the time of the blacklisting, Xiaomi denied any ties to the Chinese military. Later that month, the smartphone maker filed a lawsuit against the U.S. government in response. (Reporting by Samuel Shen, Andrew Galbraith and Josh Horwitz; Editing by Toby Chopra and Clarence Fernandez)
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