The stock exchange said on Wednesday that the trading of shares in China Mobile (CHL), China Telecom (CHA) and China Unicom (CHU) on 11 January. The decision comes after President Donald Trump banned Americans from investing in businesses owned or controlled by the Chinese military late last year.
The NYSE has now twice twice changed its position on the issue, sowing confusion among investors and sweeping the companies’ shares.
The stock exchange announced for the first time last week that it would ban shares of China Mobile, China Telecom and China Unicom. But it turned around Monday, with reference to “further consultation with relevant regulatory authorities.”
By Wednesday, the stock market had returned to its original position, citing “new specific guidance” from the U.S. Treasury Department delivered on Tuesday.
– This story will be updated.