U.S.-listed Chinese firms trade roughly flat

NEW YORK, Oct. 21 (Xinhua) -- U.S.-listed Chinese companies traded roughly flat on Wednesday, 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 Pinduoduo rose 3.66 percent and 1.3 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of TAL Education Group and Alibaba Group Holding slid 6.72 percent and 0.59 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks finished lower on Wednesday as Wall Street monitored developments on additional coronavirus stimulus.

The Dow Jones Industrial Average decreased 97.97 points, or 0.35 percent, to 28,210.82. The S&P 500 fell 7.56 points, or 0.22 percent, to 3,435.56. The Nasdaq Composite Index was down 31.80 points, or 0.28 percent, to 11,484.69.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 2.39 percent to 28.65.

As of Tuesday, 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 4,517.03, marking a 5.31-percent increase for the month-to-date returns and a 42.62-percent gain for the year-to-date returns.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Did you find this article insightful?


Next In World

Pandemic hospital duty tests Swiss civil defence
U.S. aircraft carrier deploys to Gulf, Navy says unrelated to 'specific threats'
Israeli embassies on alert after Iran retaliation threats, Israel's N12 reports
Brexit negotiations restart in person as clock ticks down
Iran's supreme leader promises retaliation for killing of nuclear scientist
German minister says partial lockdown could last until Spring 2021
Ethiopian forces will take Tigrayan capital in coming days, military says
Thousands of protesting Indian farmers and police face-off at New Delhi border
Iran's leader promises retaliation for nuclear scientist's killing
Mara and Dona: Argentine twins a living tribute to soccer great

Stories You'll Enjoy