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U.S.-listed Chinese firms trade mostly lower

Xinhua News,NEW YORK
2020-03-06 06:03

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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 Baidu and Yum China Holdings dipped 2.61 percent and 2.34 percent, respectively, leading the laggards in the top 10 stocks.

Shares of JD.com and ZTO Express climbed 1.62 percent and 1.58 percent, respectively, leading the gainers in the top 10 stocks.

U.S. stocks plunged in choppy trading on Thursday as fears of slower economic growth rattled investors.

The Dow Jones Industrial Average dropped 969.58 points, or 3.58 percent, to 26,121.28. The S&P 500 fell 106.18 points, or 3.39 percent, to 3,023.94. The Nasdaq Composite Index erased 279.49 points, or 3.10 percent, to 8,738.60.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, soared 23.85 percent to 39.62 on Thursday.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 3,267.96, marking a 3.58-percent increase for the month-to-date returns and a 3.18-percent increase for the year-to-date returns.
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