US-listed Chinese firms trade mostly lower

0 Comment(s)Print E-mail Xinhua, June 13, 2019
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U.S.-listed Chinese companies traded mostly lower on Wednesday with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.

Shares of International and dipped 2.74 percent and 2.71 percent, respectively, leading the laggards in the top 10 stocks of the index.

Shares of ZTO Express and Yum China Holdings rose 0.33 percent and 0.02 percent, respectively, the only two gainers in the top 10 stocks of the index.

U.S. equities sank on Wednesday, pressured by the losses in tech and financial shares.

The Dow Jones Industrial Average fell 43.68 points, or 0.17 percent, to 26,004.83. The S&P 500 was down 5.88 points, or 0.20 percent, to 2,879.84. The Nasdaq Composite Index decreased 29.85 points, or 0.38 percent, to 7,792.72.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 0.50 percent to 15.91 on Wednesday.

As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,694.25, marking a 6.82-percent increase for the month-to-date returns and a 17.59-percent gain for the year-to-date returns.

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