U.S.-listed Chinese firms trade mostly lower
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E-mail Xinhua, December 3, 2019
NEW YORK, Dec. 2 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Monday 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 Trip.com Group and Alibaba fell 4.09 percent and 1.85 percent, respectively, the top two laggards in the top 10 stocks of the index.
Shares of Yum China Holdings and New Oriental Education & Technology Group both rose 0.97 percent, leading the gainers in the top 10.
U.S. stocks closed lower on Monday, the first trading day of December, as investors digested the latest economic data.
The Dow Jones Industrial Average decreased 268.37 points, or 0.96 percent, to 27,783.04. The S&P 500 fell 27.11 points, or 0.86 percent, to 3,113.87. The Nasdaq Composite Index fell 97.48 points, or 1.12 percent, to 8,567.99.
As of Friday, the S&P U.S. Listed China 50 index stood at 3,047.12, marking a 5.26-percent increase for the month-to-date returns and a 32.99-percent gain for the year-to-date returns. Enditem
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