3 biggest Chinese telcos' shares drop 5% over NYSE's move to delist them
China's three biggest telecommunication companies' shares declined as much as 5% in Hong Kong on Monday after the New York Stock Exchange (NYSE) announced its move to delist the companies. China Mobile's shares fell as low as 4.5% to record their lowest price since 2007. China Telecom fell as much as 5.6% and China Unicom lost 3.4%.