Nasdaq decided to remove 4 Chinese companies from its index; In implementation of the recommendations of the American authorities to prevent the circulation of the shares of these companies in the United States.
While these companies are not traded on the Nasdaq Stock Exchange, these companies will be removed from the index as of the 21st of the current month.
According to Arabiya Net, these companies include the Chinese Telecommunications Building Company, the Chinese Company for Building Trains, in addition to the railway construction company owned by the Chinese government, CRRC, which is the largest In the world in this sector.
This comes after the US administration’s decision to ban dealing with some Chinese companies for reasons of fighting monopoly and its alleged relations with the Chinese army.
US President-elect Joe Biden and his advisors believe that the measures taken by Trump against China are costly and not strategic, according to a report by the New York Times.
According to the report, Biden faces a new challenge in the file of relations with the second largest global economy, in addition to the emerging Corona virus crisis in the United States, and the declining economy due to the repercussions of this Epidemic.
