U.S.-listed Chinese firms trade roughly flat
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E-mail Xinhua, May 13, 2020
NEW YORK, May 12 (Xinhua) -- U.S.-listed Chinese companies traded roughly flat on Tuesday, with five of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
Shares of Pinduoduo and NetEase rose 5.26 percent and 1.27 percent, respectively, leading the advancers in the top 10 stocks in the index.
Shares of Alibaba Group Holding and Baidu slid 2.48 percent and 2.09 percent, respectively, leading the laggards in the top 10 stocks.
U.S. stocks sank on Tuesday as investors eyed latest efforts in easing coronavirus-tied lockdowns.
The Dow Jones Industrial Average fell 457.21 points, or 1.89 percent, to 23,764.78. The S&P 500 decreased 60.20 points, or 2.05 percent, to 2,870.12. The Nasdaq Composite Index was down 189.79 points, or 2.06 percent, to 9,002.55.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, spiked 19.84 percent to 33.04.
As of Monday, the S&P U.S. Listed China 50 index stood at 3,343.85, marking a 3.42-percent increase for the month-to-date returns and a 5.58-percent gain for the year-to-date returns. Enditem
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