DUBLIN, Jan. 5 -- In a screeching U-turn, the New York Stock Exchange has reversed a decision last week to delist three Chinese telecoms giants.

The exchange said it had taken the shift "in light of further consultation with relevant regulatory authorities".

It now "no longer intends to move forward with the delisting action" which it had announced on December 31.

Though adding a bit of winter chill, the NYSE added it "will continue to evaluate the applicability of Executive Order 13959".

Trading in China Mobile, China Telecom and China Unicom Hong Kong was to have halted as early as January 7, or late as January 11.

An executive order from President Donald Trump on November 12, taking effect on January 11, had prohibited transaction...