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U.S.-listed Chinese firms trade mostly lower

2019-04-25 10:11

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NEW YORK, April 24 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Wednesday with eight 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 New Oriental Education & Technology Group and fell 2.83 percent and 2.75 percent, respectively, leading the losers in the top 10 stocks of the index.    

Yet shares of ZTO Express and NetEase rose 1.01 percent and 0.01 percent respectively, the only two winners in the top 10 stocks of the index.    

U.S. stocks closed lower on Wednesday, as Wall Street scrutinized more corporate earnings reports with mixed results, including Boeing and Caterpillar, both regarded as industrial barometers for the U.S. stock market.    

The Dow Jones Industrial Average fell 59.34 points, or 0.22 percent, to 26,597.05. The S&P 500 decreased 6.43 points, or 0.22 percent, to 2,927.25. The Nasdaq Composite Index was down 18.81 points, or 0.23 percent, to 8,102.01.    

The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 7 percent to 13.14 on Wednesday.    

As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,977.02, marking a 3.61-percent increase for the month-to-date returns and a 29.93-percent gain for the year-to-date returns.
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