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U.S.-listed Chinese firms trade flat

NEW YORK
2022-03-02 09:17

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NEW YORK, March 1 (Xinhua) -- U.S.-listed Chinese companies roughly traded flat on Tuesday with five of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

Shares of Baidu and BeiGene rose 6.84 percent and 2.7 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of XPeng and NIO dipped 6.96 percent and 4.25 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks fell sharply on Tuesday as investors nervously monitored the military conflict between Russia and Ukraine.

The Dow Jones Industrial Average decreased 597.65 points, or 1.76 percent, to 33,294.95. The S&P 500 fell 67.68 points, or 1.55 percent, to 4,306.26. The Nasdaq Composite Index dropped 218.94 points, or 1.59 percent, to 13,532.46.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, spiked 10.51 percent to 30.15.

As of Monday, the S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, stood at 2,689.02, marking a 6.3-percent slide for the month-to-date returns and a 9.72-percent loss for the year-to-date returns.
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