U.S.-listed Chinese firms trade mostly lower
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E-mail Xinhua, January 25, 2023
NEW YORK, Jan. 24 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Tuesday, with six 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 NIO and Baidu dropped 3.15 percent and 2.6 percent, respectively, leading the decliners in the top 10 stocks.
Shares of Trip.com Group and Yum China Holdings climbed 1.58 percent and 1.53 percent, respectively, leading the advancers in the top 10 stocks.
Wall Street's major averages ended mixed on Tuesday as investors digested earnings reports and economic data.
The Dow Jones Industrial Average rose 104.40 points, or 0.31 percent, to 33,733.96. The S&P 500 lost 2.86 points, or 0.07 percent, to 4,016.95. The Nasdaq Composite Index decreased 30.14 points, or 0.27 percent, to 11,334.27.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, fell 3.08 percent to 19.2.
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 2,974.16, marking a 15.74-percent rise for the month-to-date returns and a 15.74-percent increase for the year-to-date returns. Enditem
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