New 52-week lows for China Mobile following HSBC downgrade

A day after selling off due to a soft Q4 report, China Mobile (CHL -2.5%) is being pressured by a downgrade to Neutral from HSBC.

The world's biggest mobile carrier had already been selling off in 2014 due to worries about a telecom VAT, MVNO competition, and the impact of Web-based messaging services.

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