U.S.-listed Chinese firms trade mostly higher
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E-mail Xinhua, January 21, 2022
NEW YORK, Jan. 20 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday with nine 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 JD.com and BeiGene advanced 6.5 percent and 6.13 percent, respectively, leading the gainers in the top 10 stocks in the index.
Shares of NetEase slipped 0.1 percent, the lone decliner in the top 10 stocks.
U.S. stocks dropped on Thursday as sell-off continued on Wall Street.
The Dow Jones Industrial Average decreased 313.26 points, or 0.89 percent, to 34,715.39. The S&P 500 fell 50.03 points, or 1.10 percent, to 4,482.73. The Nasdaq Composite Index slid 186.23 points, or 1.30 percent, to 14,154.02.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, surged 7.3 percent to 25.59.
As of Wednesday, 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 2,928.06, marking a 1.69-percent loss for the month-to-date returns and a 1.69-percent slide for the year-to-date returns. Enditem
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