U.S.-listed Chinese companies traded mostly lower on Tuesday, with nine of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a mildly downbeat note.
Shares of NetEase and shares of Alibaba, fell 1.68 percent and 1.66 percent respectively, leading the laggards in the top 10 stocks of the index, while shares of New Oriental Education & Technology Group rose 0.52 percent at the only advancer among the 10 stocks.
Shares of Baidu and shares of JD.com, another two Chinese famous tech companies listed in the U.S. equity market, decreased 0.02 percent and 0.26 percent respectively on Tuesday.
U.S. stocks rebounded on Tuesday after a heavy sell-off in the previous session, as investors were monitoring the developments of trade relations between China and the United States.
At the close, the Dow Jones Industrial Average added 389.17 points, or 1.65 percent, to 24,033.36. The S&P 500 increased 32.57 points, or 1.26 percent, to 2,614.45. The Nasdaq Composite Index was up 71.16 points, or 1.04 percent, to 6,941.28.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, dropped 10.67 percent to 21.10 on Tuesday.
As of Monday, the S&P U.S. Listed China 50 index stood at 2,997.88, marking a 3.01-percent decrease for the year-to-date returns.
Shares of NetEase and shares of Alibaba, fell 1.68 percent and 1.66 percent respectively, leading the laggards in the top 10 stocks of the index, while shares of New Oriental Education & Technology Group rose 0.52 percent at the only advancer among the 10 stocks.
Shares of Baidu and shares of JD.com, another two Chinese famous tech companies listed in the U.S. equity market, decreased 0.02 percent and 0.26 percent respectively on Tuesday.
U.S. stocks rebounded on Tuesday after a heavy sell-off in the previous session, as investors were monitoring the developments of trade relations between China and the United States.
At the close, the Dow Jones Industrial Average added 389.17 points, or 1.65 percent, to 24,033.36. The S&P 500 increased 32.57 points, or 1.26 percent, to 2,614.45. The Nasdaq Composite Index was up 71.16 points, or 1.04 percent, to 6,941.28.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, dropped 10.67 percent to 21.10 on Tuesday.
As of Monday, the S&P U.S. Listed China 50 index stood at 2,997.88, marking a 3.01-percent decrease for the year-to-date returns.
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