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U.S.-listed Chinese firms trade mixed

NEW YORK
2019-07-17 04:48

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NEW YORK, July 16 (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 New Oriental Education & Technology Group and NetEase climbed 1.61 percent and 1.23 percent, respectively, leading the gainers in the top 10 stocks of the index.

Shares of Ctrip.com International and 58.com fell 1.31 percent and 1.23 percent, respectively, the top two decliners in the top 10 stocks of the index.

U.S. stocks closed lower on Tuesday as investors digested the latest corporate earnings reports and Federal Reserve Chairman Jerome Powell's remarks.

The Dow Jones Industrial Average decreased 23.53 points, or 0.09 percent, to 27,335.63. The S&P 500 decreased 10.26 points, or 0.34 percent, to 3,004.04. The Nasdaq Composite Index decreased 35.39 points, or 0.43 percent, to 8,222.80.

As of Monday, the S&P U.S. Listed China 50 index stood at 2,758.62, marking a 0.55-percent decrease for the month-to-date returns and a 20.40-percent gain for the year-to-date returns.
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