Nasdaq Responds to Executive Order With Plans to Delete Shares of Four Chinese Companies From Indexes

Nasdaq will move to pull out shares of four Chinese companies from indexes on Dec. 21 to comply with the White House's security investment executive order, Reuters reported Saturday.

Shares of China Communications Construction, China Railway Construction, Semiconductor Manufacturing International and CCRC will be removed from Nasdaq indexes.

President Donald Trump signed an order in November to prohibit U.S. companies and individuals from investing in China-based companies that support Chinese military efforts.

The four companies' securities are not trading on the Nasdaq exchange and a spokeswoman said they are the only entities included in the Trump administration’s list that appear in Nasdaq-maintained indexes, according to the report.

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