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NYSE Abruptly Reverses Plan to Delist Three Chinese Telecoms

  • Exchange’s reversal whipsaws investors after Monday selloff
  • China Mobile, China Telecom, Unicom rally in Hong Kong trading
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The New York Stock Exchange has abruptly reversed plans to delist three major Chinese telecommunications companies after consulting regulators about an investment ban ordered by President Donald Trump.

Coming days before the companies were to be delisted -- and just over two weeks before Trump is to leave the White House -- the U-turn avoids a step that threatened to heighten U.S.-China tensions further.