The US has accused China Telecom, China Unicom and China Mobile as serving the interests of the Chinese People's Liberation Army. China Telecom (0728) has shed 5.91 percent at HK$1.91 today. China Mobile (0941) has lost 3.12 percent at HK$41.95, and China Unicom HK (0762) is down by 3.60 percent at HK$4.29. The index provider’s decision to cut China Mobile, China Telecom Corp, and China Unicom Hong Kong at the close of business on Friday will apply to the companies’ Hong Kong-listed shares. China Mobile is among the largest stocks in the MSCI China Index, with a weighting of about 1.1 percent, data compiled by Bloomberg show.

Source: The Standard January 08, 2021 02:13 UTC