Markets > Stocks

U.S.-listed Chinese firms trade mostly lower

2019-10-08 05:28

Already collect

NEW YORK, Oct. 7 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Monday with seven 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 Pinduoduo and Baidu slid 5.04 percent and 2.87 percent, respectively, leading the laggards in the top 10 stocks of the index.

Shares of NetEase and New Oriental Education & Technology Group rose 0.29 percent and 0.16 percent, respectively, leading the advancers in the top 10 stocks of the index.

U.S. stocks finished lower on Monday as Wall Street is awaiting a fresh round of trade negotiations between the world's two largest economies.

The Dow Jones Industrial Average erased 95.70 points, or 0.36 percent, to 26,478.02. The S&P 500 decreased 13.22 points, or 0.45 percent, to 2,938.79. The Nasdaq Composite Index was down 26.18 points, or 0.33 percent, to 7,956.29.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, rose 4.81 percent to 17.86 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,771.82, marking a 1.60-percent increase for the month-to-date returns and a 20.97-percent gain for the year-to-date returns.
Add comments

Latest comments

Latest News
News Most Viewed