The New York Stock Exchange announced this morning that it will be delisting three major Chinese telecom companies, a move that it first announced last week before seeming to reverse course on Monday.
This is all happening in response to the Trump Administration’s broader order barring U.S. investment in companies that support the Chinese military. (Trump has been trying to ban TikTok through a separate order.)
Why the double reversal? To be fair to the NYSE, in its first reversal, the exchange had only said it would allow the telecoms to continue trading while it evaluates whether the …
