Washington, Ta. 5 January 2021, Tuesday
The New York Stock Exchange says it is withdrawing plans to remove shares of Chinese-owned telecom companies from the stock exchange following a directive from President Donald Trump. The exchange has refused to give.
Earlier, the New York Stock Exchange announced the removal of China's China Telecom Corporation Limited, China Mobile Limited and China Unicom Hong Kong Limited, prompting China to disband and threaten retaliation.
The controversy stems from President Trump's order banning investment in companies controlled by the Chinese military.
However, the decision not to delist these companies has led to a surge in its share price on the Hong Kong Exchange.
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