U.S.-listed Chinese firms trade flat

  • World
  • Wednesday, 28 Sep 2022

NEW YORK, Sept. 27 (Xinhua) -- U.S.-listed Chinese companies traded roughly flat on Tuesday, 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 BeiGene and Yum China Holdings went up 5.13 percent and 3.74 percent, respectively, leading the gainers in the top 10 stocks.

Shares of Li Auto and NIO dipped 2.54 percent and 2.44 percent, respectively, leading the laggards.

U.S. stocks finished mixed in volatile trading on Tuesday.

The Dow Jones Industrial Average decreased 125.82 points, or 0.43 percent, to 29,134.99. The S&P 500 fell 7.75 points, or 0.21 percent, to 3,647.29. The Nasdaq Composite Index rose 26.58 points, or 0.25 percent, to 10,829.50.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 1.05 percent to 32.60.

As of Monday, 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 2,468.65, marking a 10.5-percent decrease for the month-to-date returns and a 17.12-percent loss for the year-to-date returns.

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