NASDAQ-100 to Exclude Several China Concept Stocks, Including BaiduNews Analysis
Chinese internet companies Baidu (BIDU) and NetEase (NTES) will be removed from the NASDAQ-100 Index (NDX) before the opening bell on Dec. 19, along with five other companies.
The NASDAQ-100 Index includes the top 100 non-financial companies listed on the Nasdaq stock market. The index is reconstituted each year in December, removing companies that no longer meet the criteria and adding new companies as part of its annual reshuffling.
This year, VeriSign (VRSN), Splunk (SPLK), Baidu, Match Group (MTCH), DocuSign (DOCU), NetEase (NTES), and SWKS stock will drop off.
In its NASDAQ debut in August 2005, Baidu shares rose by more than 354 percent in one day from its IPO price of $27 per share. Then in December 2007, Baidu became the first Chinese company to be included in the NASDAQ-100 index....
Source: NASDAQ-100 to Exclude Several China Concept Stocks, Including Baidu (https://www.theepochtimes.com/nasdaq-100-to-exclude-several-china-concept-stocks-including-baidu_4932048.html)