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U.S.-listed Chinese firms trade mostly lower

2019-07-19 06:11

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NEW YORK, May 23 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Thursday with nine 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 and Baidu slid 5.42 percent and 4.17 percent, respectively, leading the laggards in the top 10 stocks of the index.

ZTO Express stock climbed a modest 0.17 percent, the only gainer in the top 10 stocks of the index.

U.S. stocks extended losses on Thursday as Wall Street was worried that intensifying trade tensions may slow global economy.

The Dow Jones Industrial Average decreased 286.14 points, or 1.11 percent, to 25,490.47. The S&P 500 fell 34.03 points, or 1.19 percent, to 2,822.24. The Nasdaq Composite Index slid 122.56 points, or 1.58 percent, to 7,628.28.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, rose 14.71 percent to 16.92 on Thursday.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,638.29, marking a 12.52-percent decrease for the month-to-date returns and a 15.14-percent gain for the year-to-date returns. Enditem

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