Billions lost as New York Stock Exchange flip-flops on China delistings
After backtracking on its decision to bar three telecoms firms, the bourse might revert to its original stance
New York/Washington — Almost two months after President Donald Trump said he’s cutting off US investment in companies tied to China’s military, confusion reigns on Wall Street over how to interpret his order. One certainty: savers are losing billions.
The New York Stock Exchange (NYSE) is considering reversing course a second time to delist three major Chinese telecommunications firms after conferring further with senior authorities on how to interpret an executive order Trump issued on November 12, according to people familiar with the matter. Lawyers said the drama, whipsawing markets in recent days, is exposing the ambiguities of the government’s instructions...
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