Shares of Chinese telecom giants soar after NYSE makes a u-turn

The New York Stock Exchange (NYSE) dropped its plan to delist three Chinese telecom companies including China Telecom (NYSE: CHA), China Mobile (NYSE: CHL) and China Unicom (NYSE: CHU), just four days after it announced its decision.  Fundamental analysis: An unexpected change in the direction The world’s largest stock exchange said it reconsidered its decision following “further consultation with relevant regulatory authorities in connection with the Office of Foreign Assets Control.” Just four days earlier, the exchange announced its decision to delist shares of those three companies, in accordance with the executive order issued by President Donald Trump signed in