Chinese telecom stocks hit in Hong Kong after NYSE acts to delist

China Mobile tumbles to lowest level since 2006, while oil companies also fall

Shares of China Mobile and China Telecom fell in Hong Kong on Monday, while China Unicom eked out a gain. The companies' ADRs will be suspended from trading in New York on Jan. 7. © Reuters

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent

January 4, 2021 15:52 JST

Updated on January 4, 2021 19:09 JST

HONG KONG -- Shares in China's state-owned telecommunications companies fluctuated over sell-off concerns in volatile trading in Hong Kong on Monday, after they were earmarked for delisting on the New York Stock Exchange.

Investors also shunned other potential victims of a U.S. executive order that sanctions companies purportedly controlled by the Chinese military.