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US-China tensions

NYSE reverses course on delisting Chinese telecom stocks

Domestic shares reach 13-year high on improved sentiment

HONG KONG -- The New York Stock Exchange has reversed course on plans to delist shares of China's big three state-owned telecommunications operators, just days after announcing that it would evict them.

Shares of the three telecom companies immediately bounced as much as 11% higher in early trading in Hong Kong, where they are primarily traded, but settled back slightly later.

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