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Shares of China Telecom (NYSE: CHA) tumbled this morning after the New York Stock Exchange once again changed its mind and said that it would delist the China-based telecommunications company from the exchange.
The tech stock fell by as much as 16.1% during trading this morning and was down by 15.9% as of 12:27 p.m. EST.
Investors are having whiplash today caused by the NYSE's back-and-forth decision to delist China Telecom, and two other China-based telecommunications companies, only to reverse that decision just two days ago, and now to implement it once again.