BUSINESS US-listed Chinese firms trade mostly higher

BUSINESS

US-listed Chinese firms trade mostly higher

Xinhua

09:19, February 17, 2021

NEW YORK, Feb. 16 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Tuesday with seven 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 Trip.com Group and Baidu surged 4.32 percent and 4.22 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of NetEase and TAL Education Group slid 3.89 percent and 1.78 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks finished mixed on Tuesday as investors digested a slew of economic data.

The Dow Jones Industrial Average increased 64.35 points, or 0.20 percent, to 31,522.75. The S&P 500 decreased 2.24 points, or 0.06 percent, to 3,932.59. The Nasdaq Composite Index fell 47.97 points, or 0.34 percent, to 14,047.50.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 7.46 percent to 21.46.

U.S. markets were closed on Monday in observance of Presidents' Day. 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 6,480.19, marking a 15.41-percent gain for the month-to-date returns and a 24.03-percent rise for the year-to-date returns.

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