US-listed Chinese firms trade mostly higher
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E-mail Xinhua, July 10, 2019
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 Ctrip.com International and New Oriental Education & Technology Group rose 3.10 percent and 2.54 percent respectively, leading the gainers in the top 10 stocks of the index.
Shares of 58.com and ZTO Express fell 1.09 percent and 0.90 percent respectively, leading the laggards in the top 10 stocks of the index.
U.S. stocks ended mixed on Tuesday, as Wall Street waited for the upcoming monetary policy testimony of U.S. Federal Reserve's head to the U.S. Congress, in efforts to search for more signals for further rate cut moves.
The Dow Jones Industrial Average was down 22.65 points, or 0.08 percent, to 26,783.49. The S&P 500 was up 3.68 points, or 0.12 percent, to 2,979.63. The Nasdaq Composite Index was up 43.35 points, or 0.54 percent, to 8,141.73.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 0.93 percent to 14.09 on Tuesday.
As of Monday, the S&P U.S. Listed China 50 index stood at 2,729.87, marking a 1.59-percent decrease for the month-to-date returns and a 19.14-percent gain for the year-to-date returns.
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