Stock index giants MSCI and FTSE Russell said they would remove three Chinese telecommunications giants' Hong Kong-traded shares from widely followed indexes.
Emerging markets proved resilient in 2020 despite the coronavirus pandemic, recouping the losses from March's crash to end the year in positive territory.
The U.S. has had tense relationships with the two authoritarian states, which some experts said are challenging American leadership on the global stage.
Baidu will create a standalone electric vehicle company with Chinese automaker Geely as a minority shareholder. Geely will be responsible for manufacturing.
Following Wednesday's riot on Capitol Hill, there have been growing calls to remove President Donald Trump from office before his term ends on Jan. 20.
New York could be forced into another economic shutdown if a new, contagious variant of the virus adds strain to the state's hospitals, Gov. Andrew Cuomo said.
Trump supporters riot at the U.S. Capitol as Congress debates the Electoral College votes expected to name Joe Biden as winner of the presidential election.
President Donald Trump's business allies are starting to distance themselves from him after the Capitol Hill riot. It comes after years of their allegiance.