Market Views: Axing China stocks from global indices

Counting down to Joe Biden’s administration (January 20), the market is digesting the latest restrictions around Chinese assets that the US put in place last month, amid heightened tensions between the two nations. President Donald Trump signed an executive order on November 12 to prohibit American investor access to 31 Chinese firms “owned or controlled” by China’s military by January 11. This involves many of the country's largest companies. Following these sanctions, S&P …