U.S.-listed Chinese firms trade mostly lower

Publisher:Release time:2019-08-13Number of views:10

NEW YORK, Aug. 12 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Monday 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 Ctrip.com International and NetEase fell 3.51 percent and 3.19 percent, respectively, leading the losers in the top 10 stocks of the index.

Shares of JD.com and Alibaba Group Holding rose 0.22 percent and 0.11 percent, respectively, leading the gainers in the top 10 stocks of the index.

U.S. stocks ended lower on Monday, as the market was sunk by growing worries about the prospects of U.S. economic growth and worsening U.S.-China trade frictions.

The Dow Jones Industrial Average fell 389.73 points, or 1.48 percent, to 25,897.71. The S&P 500 decreased 35.56 points, or 1.22 percent, to 2,883.09. The Nasdaq Composite Index dropped 95.73 points, or 1.20 percent, to 7,863.41.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 17.36 percent to 21.09 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,595.02, marking a 4.06-percent decrease for the month-to-date returns and a 13.25-percent gain for the year-to-date returns.


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