World

U.S.-listed Chinese firms trade roughly flat

Xinhua News,NEW YORK
2020-03-24 04:51

Already collect

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 an upbeat note.

Shares of NetEase and Baidu gained 4.82 percent and 2.89 percent, respectively, leading the advancers in the top 10 stocks in the index.

Shares of New Oriental Education & Technology Group and ZTO Express slid 4.48 percent and 4.33 percent, respectively, leading the laggards.

U.S. stocks finished Monday's session significantly lower even after the Federal Reserve unveiled extensive new measures to support the economy amid the COVID-19 crisis.

The Dow Jones Industrial Average shed 582.05 points, or 3.04 percent, to 18,591.93. The S&P 500 decreased 67.52 points, or 2.93 percent, to 2,237.40. The Nasdaq Composite Index erased 18.84 points, or 0.27 percent, to 6,860.67.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, fell 6.74 percent to 61.59 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,767.93, marking a 12.26-percent decrease for the month-to-date returns and a 12.61-percent decline for the year-to-date returns.
Add comments

Latest comments

Latest News
News Most Viewed