U.S.-listed Chinese firms trade mostly higher

NEW YORK, Aug. 11 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday with nine 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 Pinduoduo and NIO rose 4.99 percent and 3.84 percent, respectively, leading the gainers in the top 10 stocks.

Shares of Yum China Holdings slipped 0.23 percent, the lone decliner in the index.

U.S. stocks finished mixed on Thursday as Wall Street parsed a slew of the latest economic data.

The Dow Jones Industrial Average was up 27.16 points, or 0.08 percent, to 33,336.67. The S&P 500 decreased 2.97 points, or 0.07 percent, to 4,207.27. The Nasdaq Composite Index fell 74.89 points, or 0.58 percent, to 12,779.91.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 2.33 percent to 20.2.

As of Wednesday, 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 2,550.41, marking a 0.11-percent slide for the month-to-date returns and a 14.37-percent loss for the year-to-date returns.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In World

Brazil's Lula says U.S. will quickly recognize election result
Zelenskiy denounces Russian-staged votes; says there will be good news from the front
U.S. agricultural futures close mixed
Interview: Audi on course to capitalize on increasing demand in China
U.S. dollar edges up, sterling rebounds
Boeing delivers 100th 737-800 converted freighter to AerCap
Huawei holds European Innovation Day in Hungary
Zurich Film Festival shines spotlight on Chinese movies
U.S. stocks close mixed
Tourists visited Egypt hit 4.9 million in 1st half of 2022

Others Also Read