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U.S.-listed Chinese firms trade lower

NEW YORK
2019-12-31 07:26

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NEW YORK, Dec. 30 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Monday with all 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 JD.com slid 2.78 percent and 1.48 percent, respectively, the top two decliners in the top 10 stocks in the index.

U.S. stocks closed lower on Monday, the second-to-last trading session of 2019, as investors moved to lock in profits.

The Dow Jones Industrial Average fell 183.12 points, or 0.64 percent, to 28,462.14. The S&P 500 was down 18.73 points, or 0.58 percent, to 3,221.29. The Nasdaq Composite Index fell 60.62 points, or 0.67 percent, to 8,945.99.

As of Friday, the S&P U.S. Listed China 50 index stood at 3,210.18, marking a 5.35-percent increase for the month-to-date returns and a 40.10-percent gain for the year-to-date returns.
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