U.S.-listed Chinese firms trade lower
0 Comment(s)
Print
E-mail Xinhua, September 30, 2022
NEW YORK, Sept. 29 (Xinhua) -- U.S.-listed Chinese companies traded lower on Thursday 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 NIO and Li Auto shed 10.1 percent and 6.14 percent, respectively, leading the losses in the top 10 stocks.
Shares of BeiGene and Trip.com Group went down 4.32 percent and 3.96 percent, respectively, also among the worst performers.
Wall Street's three major averages dropped on Thursday amid a broad market sell-off.
The Dow Jones Industrial Average sank 458.13 points, or 1.54 percent, to 29,225.61. The S&P 500 decreased 78.57 points, or 2.11 percent, to 3,640.47. The Nasdaq Composite Index fell 314.13 points, or 2.84 percent, to 10,737.51.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 5.5 percent to 31.84.
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 2,533.39, marking an 8.16-percent decrease for the month-to-date returns and a 14.94-percent loss for the year-to-date returns. Enditem
Go to Forum >>0 Comment(s)