US Indices Remove Chinese Military Linked Stocks
A new U.S. government executive order has barred investment in 31 companies identified by the Department of Defense as “Communist Chinese military companies”. The ban, taking effect January 11, 2021, aims to curb American investment aid in China’s military. Alex discusses large market index providers, including S&P Dow Jones and MSCI, removing these stocks from global investable market indexes and breaks down why he thinks the U.S. is making this move.
Originally Aired: 12/12/20
#StockMarket #Defense #CCP
DOD Releases List of Additional Companies, in Accordance with Section 1237 of FY99 NDAA: www.defense.gov/Newsroom/Releases/Release/Article/2328894/dod-releases-list-of-additional-companies-in-accordance-with-section-1237-of-fy/
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