US-listed Chinese firms trade mostly lower
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E-mail Xinhua, July 31, 2019
U.S.-listed Chinese companies traded mostly lower 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 a downbeat note.
Shares of Yum China Holdings and JD.com fell 3.15% and 3.09%, respectively, leading the losers in the top 10 stocks of the index.
Shares of NetEase and TAL Education Group rose 0.85% and 0.31%, respectively, leading the gainers in the top 10 stocks of the index.
U.S. stocks ended lower on Tuesday amid a batch of mixed data, including a slightly rising consumer spending last month, which pointed to slowing U.S. economic growth.
The Dow Jones Industrial Average fell 23.33 points, or 0.09%, to 27,198.02. The S&P 500 dropped 7.79 points, or 0.26%, to 3,013.18. The Nasdaq Composite Index slid 19.71 points, or 0.24%, to 8,273.61.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 8.65 % to 13.94 on Tuesday.
As of Monday, the S&P U.S. Listed China 50 index stood at 2,747.77, marking a 0.94% decrease for the month-to-date returns and a 19.92% gain for the year-to-date returns.
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