U.S.-listed Chinese firms trade lower

0 Comment(s)Print E-mail Xinhua, October 27, 2021
Adjust font size:

NEW YORK, Oct. 26 (Xinhua) -- U.S.-listed Chinese companies roughly traded lower on Tuesday with all 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 Pinduoduo and Bilibili dropped 7.4 percent and 5.97 percent, respectively, leading the losses in the top 10 stocks in the index.

Shares of Baidu and Alibaba Group Holding dipped 3.78 percent and 3.51 percent, respectively, also among the worst performers in the top 10 stocks.

U.S. stocks eked out modest gains on Tuesday, as investors parsed a slew of earnings reports.

The Dow Jones Industrial Average increased 15.73 points, or 0.04 percent, to 35,756.88. The S&P 500 was up 8.31 points, or 0.18 percent, to 4,574.79. The Nasdaq Composite Index rose 9.01 points, or 0.06 percent, to 15,235.71.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 4.86 percent to 15.98.

As of Monday, the S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, stood at 3,856.66, marking an 11.94-percent gain for the month-to-date returns and a 26.18-percent slide 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