Xiaomi to be included in FTSE index

Source:Global Times Published: 2018/7/10 21:58:40

FTSE Russell, a global index company headquartered in London, announced Monday that it will include Xiaomi Group in the FTSE Global Equity Index Series and FTSE China 50 Index, effective from July 16, while Chinese telecom equipment maker ZTE Corp will be excluded from FTSE China 50 Index starting the same day.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.

Xiaomi shares jumped as much as 15.12 percent during Tuesday's trading, with the highest price hitting HK$19.34($2.46), boosting investors' confidence after the disappointment of its Monday debut.

Xiaomi shares closed at HK$19 on Tuesday, up 13.1 percent from Monday's closing.

Posted in: COMPANIES

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