The stock exchange said on Wednesday that it will stop trading shares on Chinese mobile (CHL), China Telecom (NOT) and China Unicom (CHU) on January 11th. The decision comes after President Donald Trump banned Americans from investing in companies suspected of being owned or controlled by the Chinese military late last year.
The NYSE has suddenly changed its position on this issue twice, sowing confusion among investors and observing the actions of companies.
The stock exchange announced for the first time last week that it will ban the shares of China Mobile, China Telecom and China Unicom. But it reversed course on Monday, citing “additional consultations with relevant regulatory authorities”.
By Wednesday, the stock market returned to its original position, citing “new specific guidance” from the US Treasury Department, which was delivered on Tuesday.
– This story will be updated.