Reuters: China’s Huawei to be excluded from influential JPMorgan bond indices
Wed June, 2021, Age: 1 week
Following President Joe Biden’s executive order to block investments in a list of Chinese firms linked with the military, J.P. Morgan has announced that it would no longer include Huawei’s dollar bonds from some of its most influential investment indices. The exclusion is set to come into effect on July 30. Once the world’s leading smartphone maker, Huawei has lost market share due to pressure from the U.S. over security concerns.