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FTSE Russell to add Xiaomi, Luokung Tech back to global indexes

FTSE Russell said it will add Xiaomi Corp and Luokung technology back to its global indexes.

The Xiaomi logo is seen at a Xiaomi shop, in Shanghai
FILE PHOTO: The Xiaomi logo is seen at a Xiaomi shop, in Shanghai, China May 12, 2021. REUTERS/Aly Song

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SHANGHAI: FTSE Russell said it will add Xiaomi Corp and Luokung technology back to its global indexes.

Xiaomi will be added to FTSE GEIS in two tranches, with 50per cent added effective from the open on June 7, and 50per cent added from the open on June 21, FTSE said in a statement.

Luokung will be added to FTSE GEIS in conjunction with the June 2021 review, effective from the open on June 21.

The announcement came after the United States decided to remove Xiaomi and Luokung from a government blacklist.

(Reporting by Shanghai newsroom; Editing by Kim Coghill)

Source: Reuters