3/4, 7:43 PM (Source: TeleTrader)
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S&P DJI to remove stocks listed or domiciled in Russia

S&P Dow Jones Indices (S&P DJI) announced on Friday it will remove all stocks listed and/or domiciled in Russia from its standard equity indexes as a result of market accessibility limitations and sanctions imposed in response to Moscow's intervention in Ukraine.

S&P DJI added the stocks will be removed at a price of zero prior to the market open on March 9.

"Additionally, given the deterioration in the level of accessibility of the Russian market which may impact the ability of market participants to replicate S&P DJI Indices containing Russian securities, S&P DJI will reclassify Russia from an emerging market to 'standalone' effective prior to the open on Wednesday, March 9, 2022," S&P DJI added.

Baha Breaking News (BBN) / NP