BUSINESS US-listed Chinese firms trade mostly higher

BUSINESS

US-listed Chinese firms trade mostly higher

Xinhua

07:27, August 18, 2020

NEW YORK, Aug. 17 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Monday, with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

Shares of JD.com and Baidu surged 7.93 percent and 6.15 percent, respectively, leading the advancers in the top 10 stocks in the index.

Shares of Trip.com Group and ZTO Express went down 0.88 percent and 0.03 percent, respectively, the only two decliners in the top 10 stocks.

Wall Street's major averages finished mixed on Monday as investors pored through a slew of economic data.

The Dow Jones Industrial Average sank 86.11 points, or 0.31 percent, to 27,844.91. The S&P 500 rose 9.14 points, or 0.27 percent, to 3,381.99. The Nasdaq Composite Index jumped 110.42 points, or 1.00 percent, to 11,129.73.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 3.17 percent to 21.35.

As of Friday, the S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, stood at 4,135.09, marking a 1.8-percent decrease for the month-to-date returns and a 30.56-percent gain for the year-to-date returns.

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(Photo: Agencies) 

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