U.S.-listed Chinese firms trade mixed

0 Comment(s)Print E-mail Xinhua, October 15, 2019
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NEW YORK, Oct. 14 (Xinhua) -- U.S.-listed Chinese companies traded mixed on Monday with half of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a positive note.

Shares of NetEase and Baidu rose 2.90 percent and 0.76 percent, respectively, leading the gainers in the top 10 stocks of the index.

Shares of Yum China Holdings and Alibaba Group Holding fell 2.90 percent and 1.03 percent, respectively, leading the losers in the top 10 stocks of the index.

U.S. equities wrapped the first trading day of the week with small losses, as investors have adopted a wait-and-see attitude towards the latest development of U.S.-China trade scenarios and braced for the upcoming third-quarter corporate earnings season.

The Dow Jones Industrial Average fell 29.23 points, or 0.11 percent, to 26,787.36. The S&P 500 decreased 4.12 points, or 0.14 percent, to 2,966.15. The Nasdaq Composite Index was down 8.39 points, or 0.10 percent, to 8,048.65.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 6.48 percent to 14.57 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,780.51, marking a 1.92-percent increase for the month-to-date returns and a 21.35-percent gain for the year-to-date returns. Enditem

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