FTSE Russell proposes Xiaomi index re-inclusion after court suspends US ban

FTSE Russell has proposed that Xiaomi should be eligible for re-inclusion in FTSE Russell indexes effective from June 21, 2021, reported Reuters.

The announcement came after a US 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.

FTSE Russell deleted Xiaomi from its indexes on March 12.