U.S.-listed Chinese firms trade mostly higher

  • World
  • Tuesday, 27 Sep 2022

NEW YORK, Sept. 26 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher 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 an upbeat note.

Shares of Li Auto and Trip.com Group rose 5.56 percent and 5.31 percent, respectively, leading the advancers in the top 10 stocks.

Shares of BeiGene and Yum China Holdings went down 4.93 percent and 0.71 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks fell on Monday, dragged by overall weakness in the real estate and the energy sectors.

The Dow Jones Industrial Average decreased 329.60 points, or 1.11 percent, to 29,260.81. The S&P 500 was down 38.19 points, or 1.03 percent, to 3,655.04. The Nasdaq Composite Index dropped 65.01 points, or 0.60 percent, to 10,802.92.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, surged 7.82 percent to 32.26.

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 2,428.88, marking an 11.95-percent decrease for the month-to-date returns and an 18.45-percent loss for the year-to-date returns.

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