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U.S.-listed Chinese firms trade mostly lower

Xinhua News,NEW YORK
2020-02-14 08:47

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NEW YORK, Feb. 13 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Thursday with six 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 Trip.com Group and Alibaba Group Holdings decreased 1.81 percent and 1.76 percent, respectively, the top two laggards in the top 10 stocks in the index.

Shares of NetEase and Pinduoduo increased 1.73 percent and 1.66 percent, respectively, leading the gainers in the top 10 stocks.

U.S. stocks closed lower on Thursday as investors digested corporate earnings reports as well as key economic data.

The Dow Jones Industrial Average was down 128.11 points, or 0.43 percent, to 29,423.31. The S&P 500 fell 5.51 points, or 0.16 percent, to 3,373.94. The Nasdaq Composite Index was down 13.99 points, or 0.14 percent, to 9,711.97.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 3,438.88, marking a 11.37-percent increase for the month-to-date returns and a 8.58-percent gain for the year-to-date returns.
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