US exchange u-turn on Chinese telecom firms boosts Asian stocks
Al JazeeraQatar stocks rise on deal with Saudi Arabia to reopen travel links, oil prices hold firm ahead of OPEC+ output decision. Asian stocks headed higher on Tuesday with Chinese stocks getting a boost after the New York Stock Exchange made a surprise about-turn on its decision to delist the shares of three of China’s biggest telecommunications companies. Shares rose despite uncertainty about Senate runoffs in the US state of Georgia, which could have a big impact on incoming US President Joe Biden’s ability to pursue his preferred economic policies. In Hong Kong, China Mobile, China Unicom and China Telecom rallied more than 6 percent after the New York Stock Exchange abandoned plans to delist the companies’ shares from its bourse. Qatar stocks boost Qatar stocks rose nearly 1.7 percent in early trade on Tuesday, boosted by news that a breakthrough has been reached in Qatar’s three-year-old dispute with Saudi Arabia and several other Arab countries.
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