U.S.-listed Chinese firms trade mostly lower
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E-mail Xinhua, June 26, 2019
NEW YORK, June 25 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Tuesday 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 Ctrip.com and Baidu declined 3.93 percent and 2.95 percent respectively, top two decliners in the top 10 stocks of the index.
Shares of Yum China rose 0.09 percent, the only gainer in the top 10.
U.S. stocks closed lower on Tuesday after Federal Reserve Chairman Jerome Powell assessed current U.S. economic situation and hinted at the central bank's next monetary policy move.
The Dow Jones Industrial Average decreased 179.32 points, or 0.67 percent, to 26,548.22. The S&P 500 was down 27.97 points, or 0.95 percent, to 2,917.38. The Nasdaq Composite Index fell 120.98 points, or 1.51 percent, to 7,884.72.
As of Monday, the S&P U.S. Listed China 50 index stood at 2,733.79, marking a 8.39-percent increase for the month-to-date returns and a 19.31-percent gain for the year-to-date returns. Enditem
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