With Trump Gone, China Telcos Appeal to Stay Listed in New York

China’s three major wireless carriers on Thursday petitioned the New York Stock Exchange to reverse its decision to delist them, hours after the departure from the White House of Donald Trump, whose earlier order paved the way for the delisting.

China Mobile Ltd., China Unicom (Hong Kong) Ltd. and China Telecom Corp. Ltd. issued their appeals in similarly worded statements to the Hong Kong Stock Exchange, where they are also listed, before the Thursday trading day began. Shares of all three companies fell sharply early in the trading day in Hong Kong before paring those losses later. China Mobile closed down a modest 0.1%, while Unicom and China Telecom fell 1.8% and 1.7%, respectively.