U.S.-listed Chinese firms trade mostly lower
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E-mail Xinhua, September 21, 2019
NEW YORK, Sept. 20 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Friday 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 Baidu and Yum China Holdings slid 2.42 percent and 2.36 percent, respectively, leading the laggards in the top 10 stocks of the index.
BeiGene stock rose 1.93 percent, outpacing the rest among the top 10 stocks of the index.
U.S. equities gave up earlier gains to finish lower on Friday as major tech shares declined, dragging down the market.
The Dow Jones Industrial Average fell 159.72 points, or 0.59 percent, to 26,935.07. The S&P 500 was down 14.72 points, or 0.49 percent, to 2,992.07. The Nasdaq Composite Index decreased 65.21 points, or 0.80 percent, to 8,117.67.
The Cboe Volatility Index, widely considered the best fear gauge in the stock market, rose 9.04 percent to 15.32 on Friday.
As of Thursday, the S&P U.S. Listed China 50 index stood at 2,913.94, marking a 3.05-percent increase for the month-to-date returns and a 27.17-percent gain for the year-to-date returns. Enditem
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