CHU - Chinese telecoms swing negative as NYSE confirms delisting for Jan. 11

State-owned Chinese telecoms have swung negative premarket, as the New York Stock Exchange confirms it's moving forward with delisting the companies. China Mobile (CHL) is -3.1% premarket; China Telecom (CHA) is -1.2% and China Unicom (CHU) is -2.4%. Trading of the companies will be suspended on the NYSE at 4 a.m. New York time on Jan. 11, the exchange says. The companies have a right to review the decision, which now comes in time to comply with a Trump administration executive order.

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Chinese telecoms swing negative as NYSE confirms delisting for Jan. 11