The exchange said on Wednesday it would end stock trading China mobile (CHL), China Telecom (NO) and China Unicom (CHU) on January 11. The decision comes after President Donald Trump late last year banned Americans from investing in companies that the US government suspects are owned or controlled by the Chinese military.
The NYSE has now abruptly changed its stance on the matter twice, creating confusion among investors and confusing the stocks of the companies.
The exchange first announced last week that it would ban shares of China Mobile, China Telecom and China Unicom. But it reversed course on Monday, stating “continue consultation with relevant regulatory authorities.”
On Wednesday, the exchange had returned to its original position, citing “new specific guidelines” from the US Treasury Department released Tuesday.
– This story is being updated.