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U.S.-listed Chinese firms trade mostly lower

Xinhua News,NEW YORK
2020-04-22 04:52

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NEW YORK, April 21 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Tuesday, 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 JD.com and Baidu fell 4.34 percent and 3.12 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of New Oriental Education & Technology Group and TAL Education Group rose 3.44 percent and 1.9 percent, respectively, leading the gainers in the top 10 stocks.

U.S. equities ended sharply lower on Tuesday as a steep sell-off in oil futures rattled investors.

The Dow Jones Industrial Average plunged 631.56 points, or 2.67 percent, to 23,018.88. The S&P 500 decreased 86.60 points, or 3.07 percent, to 2,736.56. The Nasdaq Composite Index fell 297.50 points, or 3.48 percent, to 8,263.23.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 3.6 percent to 45.41 on Tuesday.

As of Monday, the S&P U.S. Listed China 50 index stood at 3,237.44, marking an 8.19-percent increase for the month-to-date returns and a 2.22-percent gain for the year-to-date returns.
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