U.S.-listed Chinese firms trade mostly lower
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E-mail Xinhua, January 31, 2020
U.S.-listed Chinese companies traded mostly lower on Thursday with nine 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 New Oriental Education & Technology Group shed 4.46 percent, leading the decliners in the top 10 stocks in the index.
TAL Education Group and Yum China Holdings slid 2.63 percent and 2.24 percent, respectively, also among the worst performers.
Shares of Trip.com Group increased 0.91 percent, the only gainer in the top 10 stocks in the index.
U.S. stocks pared their earlier losses to end higher on Thursday after the market rebounded sharply in the final hour of the session amid a slew of earnings reports and key economic data.
The Dow Jones Industrial Average increased 124.99 points, or 0.43 percent, to 28,859.44. The S&P 500 was up 10.26 points, or 0.31 percent, to 3,283.66. The Nasdaq Composite Index rose 23.77 points, or 0.26 percent, to 9,298.93.
The Cboe Volatility Index, widely considered the best fear gauge in the stock market, fell 5.49 percent to 15.49 on Thursday.
As of Wednesday, the S&P U.S. Listed China 50 index stood at 3,190.02, marking a 0.72-percent increase for the year-to-date returns.
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