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U.S.-listed Chinese firms trade mostly lower

NEW YORK
2019-06-15 05:02

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NEW YORK, June 14 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Friday 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 Ctrip.com International and 58.com slid 3.10 percent and 2.15 percent, respectively, leading the laggards in the top 10 stocks of the index.

Shares of TAL Education Group and New Oriental Education & Technology Group rose 1.07 percent and 0.63 percent, respectively, leading the gainers in the top 10 stocks of the index.

U.S. stocks sank on Friday, pressured by the losses in tech sector.

The Dow Jones Industrial Average decreased 17.16 points, or 0.07 percent, to 26,089.61. The S&P 500 erased 4.66 points, or 0.16 percent, to 2,886.98. The Nasdaq Composite Index fell 40.47 points, or 0.52 percent, to 7,796.66.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 3.41 percent to 15.28 on Friday.

As of Thursday, the S&P U.S. Listed China 50 index stood at 2,658.15, marking a 5.39-percent increase for the month-to-date returns and a 16.01-percent gain for the year-to-date returns. Enditem

 
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