Jul. 7, 2015, 9:53 AM
- A continuing rout in China is pressing the country's mobile providers.
- In U.S. trade, China Telecom (NYSE:CHA) is off 5.6%; China Unicom (NYSE:CHU) down 4.9% and China Mobile (NYSE:CHL) down 2.9%.
- Hong Kong's PCCW (OTCPK:PCCWY) is off 6.2% in over-the-counter trading as well.
- The Shanghai Composite is back to a selloff despite a rash of support measures from Beijing. Several hundred companies have taken the risky move of filing for a trading halt in Shanghai and Shenzhen in an attempt to escape the downdraft.
PCCW Limited and its subsidiaries are engaged in the provision of local, mobile and international telecommunications services, Internet and interactive multimedia services, the sale and rental of telecommunications equipment, and the provision of computer, engineering and other technical... More
Industry: Telecom Services - Domestic
Country: Hong Kong
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