SHANGHAI—S&P Dow Jones Indices on Thursday became the second major index provider to remove some Chinese companies from its index products following a Trump administration executive order, in the latest market disruption from persistent Sino-U.S. tensions.
President Donald Trump’s executive order, unveiled in November, is designed to deter U.S. investment firms, pension funds, and others from buying shares of Chinese companies designated by the U.S. Defense Department as backed by the Chinese military.
