U.S.-listed Chinese firms trade mostly lower

0 Comment(s)Print E-mail Xinhua, September 17, 2019
Adjust font size:

NEW YORK, Sept. 16 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Monday 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 BeiGene shed 1.78 percent and 1.62 percent, respectively, leading the laggards in the top 10 stocks of the index.

Shares of ZTO Express and JD.com dipped more than 1 percent, also among the biggest decliners.

Baidu stock climbed 0.4 percent, the only gainer in the top 10 stocks of the index.

Wall Street tumbled on Monday as drone attacks on oil facilities in Saudi Arabia over the weekend intensified fears of global economic slowdown.

The Dow Jones Industrial Average fell 142.70 points, or 0.52 percent, to 27,076.82. The S&P 500 was down 9.43 points, or 0.31 percent, to 2,997.96. The Nasdaq Composite Index slid 23.17 points, or 0.28 percent, to 8,153.54.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, rose 6.77 percent to 14.67 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,924.10, marking a 3.41-percent increase for the month-to-date returns and a 27.62-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