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U.S.-listed Chinese firms trade lower

Xinhua Financein NEW YORK
2018-12-05 08:57

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U.S.-listed Chinese companies traded mostly lower on Tuesday 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 Baidu and TAL Education declined 4.53 percent and 3.57 percent, respectively, leading the laggards in the top 10 stocks of the index.

U.S. stocks plunged on Tuesday, with all three major indices erasing more than 3 percent, amid worries over inverted yield curve signaling a possible economic slowdown.

The Dow Jones Industrial Average decreased 799.36 points, or 3.10 percent, to 25,027.07. The S&P 500 decreased 90.31 points, or 3.24 percent, to 2,700.06. The Nasdaq Composite Index fell 283.09 points, or 3.80 percent, to 7,158.43.

As of Monday, the S&P U.S. Listed China 50 index stood at 2,587.54, marking a 2.15-percent increase for the month-to-date returns and a 16.29-percent loss for the year-to-date returns. Enditem
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