MSCI Is Third Index Giant to Cull Chinese Stocks Banned by U.S.

MSCI Inc. became the third index provider to delete some Chinese stocks from its benchmarks, after the Trump administration banned U.S. investments in companies with links to the Chinese military.

The firms include China Railway Construction Corp, China Spacesat Co., China Communications Construction Co., CRRC Corp., Hangzhou Hikvision Digital Technology Co., Dawning Information Industry Co. and Semiconductor Manufacturing International Corp, according to a statement late Tuesday. The deletions will take effect at the Jan. 5 close. MSCI will publish its final list at the end of December to reflect any changes to Chinese firms sanctioned by the U.S.