U.S.-listed Chinese firms trade mostly higher


  • World
  • Tuesday, 20 Sep 2022

NEW YORK, Sept. 19 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Monday 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 Li Auto and NIO rose 4.73 percent and 3.72 percent, respectively, leading the gainers in the top 10 stocks.

Shares of BeiGene slipped 1.45 percent, the lone decliner in the index.

U.S. stocks climbed on Monday as Wall Street awaited a key decision by the Federal Reserve.

The Dow Jones Industrial Average rose 197.26 points, or 0.64 percent, to 31,019.68. The S&P 500 increased 26.56 points, or 0.69 percent, to 3,899.89. The Nasdaq Composite Index added 86.62 points, or 0.76 percent, to 11,535.02.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 2.05 percent to 25.76.

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 2,571.98, marking a 6.76-percent decrease for the month-to-date returns and a 13.65-percent loss for the year-to-date returns.

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