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U.S.-listed Chinese firms trade mostly lower

Xinhua News,NEW YORK
2020-02-26 06:37

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U.S.-listed Chinese companies traded mostly lower on Tuesday 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 Trip.com Group and JD.com slid 3.55 percent and 1.35 percent, respectively, leading the decliners in the top 10 stocks.

Shares of NetEase rose 0.87 percent, the only gainer in the top 10.

U.S. stocks closed sharply lower on Tuesday, continuing a broad market sell-off amid rising risk-averse sentiment.

The Dow Jones Industrial Average lost 879.44 points, or 3.15 percent, to 27,081.36. The S&P 500 was down 97.68 points, or 3.03 percent, to 3,128.21. The Nasdaq Composite Index decreased 255.67 points, or 2.77 percent, to 8,965.61.

As of Monday, the S&P U.S. Listed China 50 index stood at 3,251.49, marking a 5.3-percent increase for the month-to-date returns and a 2.66-percent gain for the year-to-date returns.
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