US CLOSE SHARES PF THREE CHINESE COMPANIES.

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The New York Stock Exchange has removed three Chinese telecom companies accused of military ties.

Shares of China Mobile, China Telecom and China Uni com Hong Kong, all three companies targeted by the Trump administration, will not be traded next week.

All three companies make all of their revenue in China and have no significant presence in the United States.

The removal is seen as a sign of growing tensions between the United States and China.

Shares of all three companies are rarely traded in the United States. These state-controlled companies control the telecommunications sector in China.

US President Donald Trump issued a law in November barring Americans from investing in Chinese companies linked to the Chinese military.

The New York Stock Exchange said it would close trading in those companies between January 7 and 11.

More than 200 Chinese companies are currently listed on the New York Stock Exchange.

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