NEW YORK: The New York Stock Exchange reversed course again on Wednesday, saying it would delist three Chinese telecom equities from trading due to new US government guidance.
Meanwhile, Washington is considering adding Chinese ecommerce giant Alibaba and tech giant Tencent to the blacklist, The Wall Street Journal reported.
The latest flip-flop by the NYSE, which will remove China Telecom, China Mobile and China Unicom, reverts the exchange back to its original policy announced last week.
The exchange had abandoned the decision to delist two days ago amid criticism from Beijing, but said Wednesday it will follow “new specific guidance received on January 5, 2021,…
