iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
The New York Stock Exchange changed its stance for the second time and announced that it will revert to its initial plan of delisting three Chinese telecom companies. The new decision came out just two days after revealing it will no longer remove shares of China Mobile, China Unicom, and China Telecom from the Big Board.
NYSE’s reason for implementing the initial decision
BBC News reported that the NYSE is now pushing through with the delisting of the said telecommunication firms. This second reversal came after the US Treasury Secretary Steve Mnuchin objected to the idea of halting the pull out of the Chinese companies. He raised his opposition a day after the announcement.
Moreover, it was said that the new decision was based on the “new specific guidance that was received by the NYSE from the Department of Treasury’s Office of Foreign Assets Control on Jan. 5, 2021. Part of the note stated that “The issuers have a right to a review of this determination.”
With NYSE reverting back to its original announcement of delisting the Chinese telecom companies, senator Marco Rubio praised the stock exchange.
"After an intense pressure campaign from those of us who believe we should prioritize the interests of American workers and mom and pop investors above Beijing and Wall Street, I am pleased that the NYSE decided to reverse their earlier announcement," he said.
The first delisting announcements
The New York Stock Exchange stated on Jan. 6 that it would proceed and delist the three mentioned Chinese firms. But prior to this, it was announced on Monday that it had revoked the very first plan to cut the telecoms.
It was explained at that time that they made the decision in compliance with Donald Trump’s executive order that prohibits American companies and individuals from investing in companies that may be supporting the Chinese military, CNBC News reported. The president stated that he implemented this EO for the security of the country.
Meanwhile, it was observed that stocks of the three mentioned Chinese telcos have plummeted after the initial announcement to delist them. The numbers went back up again after the NYSE backpedaled and said it will not proceed with the plan. Now, with the new decision, then it can be assumed that the trio’s stocks will slide down again.
