Three US banks are in the process of delisting hundreds of structured products prompted by the blacklisting of Chinese stocks by the Trump administration.
Goldman Sachs, Morgan Stanley and J.P. Morgan will delist almost 500 structured warrants and other derivative products linked to the Hang Seng Index which contain the three telecom stocks (China Telecom, China Mobile and China Unicom) banned by an executive order signed by outgoing president Donald Trump. The order which came into effect yesterday bans American investors from owning or trading in the stocks of companies said by the US government to be linked to the Chinese military. HKEx is w