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U.S.-listed Chinese firms trade mostly lower

NEW YORK
2018-12-12 09:23

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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 Baidu, Inc. and New Oriental Education & Technology Group slid 1.31 percent and 0.84 percent, respectively, leading the laggards in the top 10 stocks of the index.

Shares of JD.com and NetEase stock rose 1.95 percent and 0.46 percent, leading the advancers in the top 10 stocks of the index.

U.S. stocks closed mixed after volatile trading on Tuesday as investors digested a slew of economic data amid possible trade progress.

The Dow Jones Industrial Average decreased 53.02 points, or 0.22 percent, to 24,370.24. The S&P 500 was down 0.94 points, or 0.04 percent, to 2,636.78. The Nasdaq Composite Index increased 11.31 points, or 0.16 percent, to 7,031.83.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, dropped 3.89 percent to 21.76 on Tuesday.

As of Monday, the S&P U.S. Listed China 50 index stood at 2,420.87, marking a 4.43-percent decrease for the month-to-date returns and a 21.68-percent loss for the year-to-date returns. 
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