U.S.-listed Chinese firms trade lower


NEW YORK, Nov. 30 (Xinhua) -- U.S.-listed Chinese companies traded roughly lower on Monday, with all 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 NIO and Alibaba Group Holding slipped 6.43 percent and 4.75 percent, respectively, leading the losses in the top 10 stocks in the index.

Shares of JD.com and TAL Education Group dipped 4.54 percent and 4.17 percent, respectively, also among the worst performers.

U.S. stocks dropped on Monday as the nation grapples with soaring COVID-19 infections.

The Dow Jones Industrial Average fell 271.73 points, or 0.91 percent, to end at 29,638.64. The S&P 500 slid 16.72 points, or 0.46 percent, to 3,621.63. The Nasdaq Composite Index decreased 7.11 points, or 0.06 percent, to 12,198.74.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, declined 1.3 percent to 20.57.

As of Friday, 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 5,067.11, marking a 14.67-percent increase for the month-to-date returns and a 59.98-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?

Yes
No

Next In World

Farmers mass in Indian capital ahead of Republic Day protests
Google offers facilities for US vaccination sites
Urgent: U.S. Senate approves Yellen's nomination as treasury secretary
Roundup: Italy reports over 8,500 new COVID-19 cases as vaccination continues
Roundup: California lifts regional stay-at-home order for all regions
Germany fears AstraZeneca vaccine won't get EU approval for those over 65 - Bild
1st LD Writethru: Canada's COVID-19 cases surpass 750,000
Merkel, Biden agree in phone call to strengthen transatlantic cooperation
Pro-Trump lawyer Lin Wood fired by teen who faced off with Native American in viral video
Senator Leahy to preside over Trump's impeachment trial

Stories You'll Enjoy


-->