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U.S.-listed Chinese firms trade roughly flat

Xinhua News,NEW YORK
2020-06-23 05:35

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NEW YORK, June 22 (Xinhua) -- U.S.-listed Chinese companies traded roughly flat on Monday, with five 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 ZTO Express dipped 6.61 percent and 3.52 percent, respectively, leading the decliners in the top 10 stocks in the index.

Shares of NetEase and Trip.com Group rose 1.21 percent and 1.12 percent, respectively, leading the gainers in the top 10 stocks. Baidu stock closed flat at 123.08 U.S. dollars apiece.

U.S. stocks ended higher on Monday, boosted by strong gains in major tech shares.

The Dow Jones Industrial Average rose 153.50 points, or 0.59 percent, to 26,024.96. The S&P 500 increased 20.12 points, or 0.65 percent, to 3,117.86. The Nasdaq Composite Index jumped 110.35 points, or 1.11 percent, to 10,056.47.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 9.54 percent to 31.77.

As of Friday, the S&P U.S. Listed China 50 index stood at 4,019.36, marking a 14.06-percent increase for the month-to-date returns and a 26.9-percent gain for the year-to-date returns.
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