Early Wednesday morning in Asia, Reuters came out with an update suggesting the MSCI Inc. is to delete the securities of 10 Chinese companies from some global indexes after the US imposed restrictions on their ownership, but said it would also launch new versions of several indexes that retain the same securities. The news mentions China Communications Construction Co., Hangzhou Hikvision and CRRC Corp. among the list of companies likely to be delisted. “MSCI said it would remove the shares as of the close of business on Jan. 5. It said it would not remove securities from subsidiaries or affiliates of companies named in the order,” said the report. FX implications While the news highlights escalating tension between the US and China, global markets paid little heed to the news amid major attention to the US stimulus headlines. That said, AUD/USD looks for a clear direction near the multi-month high flashed earlier in the week. Read: Progress was made on stimulus talks FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY eyes test of monthly lows at 103.50 ahead of key trade and PMI data FX Street 2 years Early Wednesday morning in Asia, Reuters came out with an update suggesting the MSCI Inc. is to delete the securities of 10 Chinese companies from some global indexes after the US imposed restrictions on their ownership, but said it would also launch new versions of several indexes that retain the same securities. The news mentions China Communications Construction Co., Hangzhou Hikvision and CRRC Corp. among the list of companies likely to be delisted. “MSCI said it would remove the shares as of the close of business on Jan. 5. It said it would not remove securities from subsidiaries or affiliates… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
