US-Sino tensions back in play amid Taiwan visit, US’ delisting of Chinese telecom companies

The diplomatic tensions between the US and China are likely to intensify further, as the US ambassador to the United Nations (UN) Kelly Craft is set to visit Taiwan next week to meet with senior Taiwanese counterparts.

The ties already remain strained, in the wake of the US stock indexes delisting China’s telecom companies, in response to their alleged links with the Chinese military.

The NYSE on Wednesday said it will delist three Chinese telecom companies, including China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd.

Meanwhile, the MSCI, the global index publisher, said Friday that it will delist these companies from its indexes as of the close of business on January 8.