Emerging Markets Index MSCI Drops ZTE, Four Other Chinese Companies

May 31, 2018 Updated: June 1, 2018

Chinese telecom equipment and smartphone maker ZTE, and four other Chinese companies have been dropped from several MSCI indexes, including the MSCI China A Inclusion Index.

Trading in the China-listed A shares of all five companies has been suspended.

MSCI, the U.S. index publisher, made the announcement on its website.

According to the announcement, the other four companies are: Beijing Orient Landscape & Environment Co., China Hainan Rubber Industry Group Co., the state-owned China Railway Group, and Shanxi Taigang Stainless Steel Co., also state-owned.

ZTE has recently been caught in the crossfire of China-U.S. trade disputes and trading in its shares has been halted for two weeks.