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U.S.-listed Chinese firms trade lower

NEW YORK
2018-11-30 08:54

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U.S.-listed Chinese companies traded mostly lower on Thursday with all 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 NetEase and BeiGene slid 4.25 percent and 3.75 percent, respectively, leading the laggards in the top 10 stocks of the index.

Shares of Ctrip.com International and Baidu declined 2.84 percent and 2.77 percent, respectively, also among the biggest losers in the top 10 stocks of the index.

U.S. stocks ended lower on Thursday, snapping a three-day winning streak, as investors digested the newly released summary from the Federal Reserve's most-recent meeting as well as a batch of economic data.

The Dow Jones Industrial Average fell 27.59 points, or 0.11 percent, to 25,338.84. The S&P 500 was down 5.99 points, or 0.22 percent, to 2,737.80. The Nasdaq Composite Index decreased 18.51 points, or 0.25 percent, to 7,273.08.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, rose 1.62 percent to 18.79 on Thursday.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,529.42, marking a 1.46-percent increase for the month-to-date returns and an 18.17-percent loss for the year-to-date returns. Enditem
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