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1/6, 3:24 PM (Source: TeleTrader)
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NYSE to delist Chinese firms after Trump's order

The New York Stock Exchange (NYSE) announced on Wednesday that it will comply with an executive order signed by United States President Donald Trump and delist three Chinese telecommunications firms after all.

Earlier, the NYSE reversed its original decision to delist the companies. The stock exchange said today's decision to delist the firms was reached after receiving guidance from the Treasury Department's Office of Foreign Assets Control.

Chinese companies affected by the measures are China Telecom Corporation Limited, China Mobile Limited and China Unicom (Hong Kong) Limited. The firms will be delisted after markets open in New York on January 11.

Breaking the News / VP