SHANGHAI (Reuters) – Index publisher Russell said Didi Global Inc will be added to its global stock indices as scheduled on July 8, but not if trading in shares in the Chinese ride-sharing company is suspended during business hours. from the US market on Wednesday.
FTSE Russell said earlier this month that Didi will be included in the FTSE All-World Index, the FTSE Global Large Cap Index and the FTSE Emerging Index in accelerated entry following the Chinese company’s $ 4.4 billion listing on the New York Stock Exchange last week. .
But Didi and his investors have been mired in confusion since late last week when Chinese regulators launched a crackdown on the company. Its shares plunged in US operations on Tuesday, in the first session since regulators ordered the company’s app to be removed in China.
“In the event that Didi Global ADS trading is suspended during US market hours on Wednesday, FTSE Russell will not proceed with the addition and fast-entry tracking, in accordance with the index policy for trade stops and trades. market closings, “it said in a statement. on their website.
It was not immediately clear why FTSE Russell was making a reference to the possibility of a Didi business interruption.
The publisher of the index, whose index funds compare trillions of dollars in assets, was not immediately accessible for comment.
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