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"What put the knife into China Mobile shares was part of the policy statement referring to "asymmetrical regulation" that was interpreted to mean Beijing would embrace policies designed to help smaller rivals at China Mobile's expense, they said."
I suppose this does justify a short term retraction of share value but think there is a difference between regulatory news and plain old under performing. There is no evidence that China Mobile, or the Chinese market are having any disturbing macro phalanges to be met, so maintain a "Hold" on my shares.