U.S.-listed Chinese firms trade mostly lower
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E-mail Xinhua, March 21, 2019
NEW YORK, March 20 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Wednesday 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 NetEase and ZTO Express fell 2.98 percent and 1.66 percent, respectively, leading the laggards in the top 10 stocks of the index.
Shares of TAL Education Group and 58.com Inc. rose 1.97 percent and 1.13 percent, respectively, leading the advancers in the top 10 stocks of the index.
U.S. stocks ended mixed on Wednesday as investors digested the Federal Reserve's latest monetary policy announcement.
The Dow Jones Industrial Average slid 141.71 points, or 0.55 percent, to 25,745.67. The S&P 500 was down 8.34 points, or 0.29 percent, to 2,824.23. The Nasdaq Composite Index was up 5.02 points, or 0.07 percent, to 7,728.97.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 2.58 percent to 13.91 on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,825.87, marking a 3.33-percent increase for the month-to-date returns and a 23.33-percent gain for the year-to-date returns. Enditem
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