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

Xiaomi says its devices do not censor users following Lithuania report
Xiaomi says its devices do not censor users following Lithuania report   -   Copyright  Thomson Reuters 2021
By Reuters

SHANGHAI (Reuters) – FTSE Russell said it will add Xiaomi Corp and Luokung technology back to its global indexes.

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

Luokung will be added to FTSEGEIS 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)