Removal of Shares of Four Chinese Firms from the NASDAQ Indexes

As per an order from the United States, restrictions are now imposed on the buying of four shares of Chinese manufacturing and construction firms. On Thursday, the S&P Index and the Dow Jones Industrial Average became the first Indices to state that they will remove the blacklisted shares from their indices, and on Friday, NASDAQ stated that it will eliminate the shares of these four companies from its indices. On 21st December 2020, NASDAQ will remove the shares of the following four companies from the NASDAQ Index: China Communications Construction Company Limited (CCCGY) 52 Week Range:  $9.65 - $17.08 Average Volume:  315 Market Capital:  $15.489B Forward Dividend & Yield:  0.66 (6.81%) Semiconductor Manufacturing International Corporation (SMICY) 52 Week Range:  $6.97 - $27.54 Average Volume:  67,126 Market Capital:  $21.903B Forward Dividend & Yield:  N/A (N/A) China Railway Construction Corporation Limited (CWYCF) 52 Week Range:  $0.0002 – $1.1600 Average Volume:  313 Market Capital:  $15.719B Forward Dividend & Yield:  0.03 (4.56%) CRRC Corporation Limited (CRRC) 52 Week Range:  $2.860 - $6.100 Average Volume:  20,367,785 Market Capital:  $169.089B Forward Dividend & Yield:  0.16 (5.72%) The Investors have been banned from buying any securities from the companies that are blacklisted owing to the fact that last month (21st November 2020) a White House executive order stated the same. As per President Donald Trump’s administration, these firms have a link with the military of China. From the side of China, the response to this news was not positive and the Foreign Ministry Spokeswoman Hua Chunying criticized…