U.S.-listed Chinese firms trade mostly lower

0 Comment(s)Print E-mail Xinhua, February 16, 2019
Adjust font size:

NEW YORK, Feb. 15 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Friday, 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 NetEase and Baidu sharply fell more than 5.6 percent and more than 2.3 percent respectively, leading the losers.

Shares of New Oriental Education & Technology Group rose 0.60 percent around market close, the only stock that extended gains among the top 10 Chinese stocks.

U.S. stocks ended higher on Friday, as financial stocks outperformed and the market has built up hopes in the possibility of easing U.S.-China trade tensions, after the two sides decided to continue bilateral talks next week.

The Dow Jones Industrial Average was up 443.86 points, or 1.74 percent, to 25,883.25. The S&P 500 increased 29.87 points, or 1.09 percent, to 2,775.60. The Nasdaq Composite Index rose 45.46 points, or 0.61 percent, to 7,472.41.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, dropped 8.08 percent to 14.91 on Friday.

As of Thursday, the S&P U.S. Listed China 50 index stood at 2,644.79, marking a 3.10-percent increase for the month-to-date returns and a 15.43-percent gain for the year-to-date returns. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter