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U.S.-listed Chinese firms trade roughly flat

NEW YORK
2019-12-11 05:53

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NEW YORK, Dec. 10 (Xinhua) -- U.S.-listed Chinese companies traded roughly flat 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 Pinduoduo and Alibaba Group gained 1.63 percent and 0.86 percent, respectively, leading the advancers in the top 10 stocks in the index.

Shares of Trip.com Group and TAL Education Group fell 0.69 percent and 0.44 percent, respectively, leading the laggards.

U.S. stocks finished lower on Tuesday as investors awaited a key announcement from the Federal Reserve Wednesday while digesting a slew of economic data.

The Dow Jones Industrial Average decreased 27.88 points, or 0.10 percent, to 27,881.72. The S&P 500 was down 3.44 points, or 0.11 percent, to 3,132.52. The Nasdaq Composite Index fell 5.64 points, or 0.07 percent, to 8,616.18.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, dropped 1.13 percent to 15.68 on Tuesday.

As of Monday, the S&P U.S. Listed China 50 index stood at 3,039.27, marking a 0.26-percent decrease for the month-to-date returns and a 32.64-percent gain for the year-to-date returns.
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