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U.S.-listed Chinese firms trade mostly lower

NEW YORK
2018-09-18 09:04

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U.S.-listed Chinese companies traded mostly lower on Monday with nine 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 JD.com and Alibaba Group slid 5.09 percent and 3.55 percent, respectively, leading the laggards in the top 10 stocks of the index.

Shares of Yum China Holdings, Inc. rose 0.39 percent, the only gainer in the top 10 stocks of the index.

U.S. stocks tumbled on Monday as steep losses in some of the biggest tech shares weighed on the market amid global trade tensions.

The Dow Jones Industrial Average decreased 92.55 points, or 0.35 percent, to 26,062.12. The S&P 500 dipped 16.18 points, or 0.56 percent, to 2,888.80. The Nasdaq Composite Index fell 114.25 points, or 1.43 percent, to 7,895.79.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 13.34 percent to 13.68 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,707.62, marking a 6.81-percent decrease for the month-to-date returns and a 12.40-percent loss for the year-to-date returns. Enditem
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