Hong Kong stocks ended lower on NYSE's U-turn to delist 3 Chinese telecoms

Hong Kong's main Hang Seng index ended Thursday lower, after the New York Stock Exchange moved to delist Chinese telecoms firms again. ** Hong Kong shares of China Unicom led losses among the three telecom stocks, falling 11.35% at market close, the biggest loser on the Hang Seng for the day.

Hong Kong's main Hang Seng index ended Thursday lower, after the New York Stock Exchange moved to delist Chinese telecoms firms again. ** At the close of trade, the Hang Seng index was down 143.78 points or 0.52% at 27,548.52. The Hang Seng China Enterprises index fell 0.95% to 10,796.73. ** The New York Stock Exchange said on Wednesday it would delist three Chinese telecom companies, confirming its latest U-turn on the matter.

** The American bourse's announcement came a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with an earlier decision to reverse the delistings. ** Hong Kong shares of China Unicom led losses among the three telecom stocks, falling 11.35% at market close, the biggest loser on the Hang Seng for the day. China Mobile fell 7.18% and China Telecom Corp dropped 9.38% at market close. ** The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said.

** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.56%, while Japan's Nikkei index closed up 1.6%.