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U.S.-listed Chinese firms trade mixed

NEW YORK
2019-05-29 04:53

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NEW YORK, May 28 (Xinhua) -- U.S.-listed Chinese companies traded mixed on Tuesday with five of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

Shares of ZTO Express and New Oriental Education & Technology Group rose 2.23 percent and 1.53 percent respectively, leading the gainers in the top 10 stocks of the index.

Shares of Ctrip.com International and NetEase fell 2.33 percent and 2.01 percent respectively, leading the losers in the top 10 stocks of the index.

U.S. stocks ended lower on Tuesday, closing the first day of the holiday-shortened week negatively, as investors' deepening worries over U.S.-China trade frictions weighed on the market.

The Dow Jones Industrial Average was down 237.92 points, or 0.93 percent, to 25,347.77. The S&P 500 decreased 23.67 points, or 0.84 percent, to 2,802.39. The Nasdaq Composite Index was down 29.66 points, or 0.39 percent, to 7,607.35.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 10.41 percent to 17.5 on Tuesday.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,543.26, marking a 15.67-percent decrease for the month-to-date returns and a 11.00-percent gain for the year-to-date returns.
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