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FTSE Russell to delete Luokung Technology from indexes, scraps Advanced Micro-Fabrication inclusion

·1 min read

SHANGHAI (Reuters) - Global index publisher FTSE Russell said on Friday it will delete Luokung Technology Corp's N shares from its global indexes, in line with a U.S. executive order from former president Donald Trump.

Luokung's shares will be deleted from the FTSE Global Total Cap and Micro Cap indexes effective on March 12, subject to further guidance from the U.S. Office of Foreign Assets Control, it said in a statement, citing the U.S. order.

In the same statement, FTSE Russell said the proposed addition of Advanced Micro-Fabrication Equipment to its global and China indexes would "not proceed as previously announced."

(Reporting by Andrew Galbraith and Samuel Shen; Editing by Toby Chopra)