FTSE Says To Add Didi In Indexes As Scheduled On July 8, Except Trading Stop

SHANGHAI, July 7 (Reuters) – Index publisher FTSE Russell said Didi Global Inc (DIDI.N) will be added to its global equity indices as planned on July 8, but not if trading in shares of the Chinese ride-hailing company is halted. suspended during US market hours on Wednesday.

FTSE Russell said earlier this month that Didi will be included in the FTSE All-World Index, the FTSE Global Large Cap Index and the FTSE Emerging Index in an accelerated entry after the Chinese company’s $4.4 billion listing on the New York Stock Exchange last week.

But Didi and his investors have been stirred up since late last week when Chinese regulators cracked down on the company. Shares of the company plunged in US trading Tuesday, in the first session since regulators ordered the company’s app to be removed in China. read more

“In the event that trading in Didi Global ADS is suspended during US market hours on Wednesday, FTSE Russell will not proceed with the rapid entry and oversight, in accordance with the index’s trading halt and market close policy,” a statement said in a statement. on her website.

It was not immediately clear why FTSE Russell was referring to a chance of a trading halt for Didi.

The index publisher, against whose indexes fund billions of dollars in assets, was not immediately available for comment.

Reporting by Samuel Shen and Andrew Galbraith; Editing by Muralikumar Anantharaman

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