U.S.-listed Chinese firms trade flat


  • World
  • Thursday, 06 Oct 2022

NEW YORK, Oct. 5 (Xinhua) -- U.S.-listed Chinese companies traded roughly flat on Wednesday 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 Trip.com Group and JD.com rose 5.4 percent and 1.81 percent, respectively, leading the advancers in the top 10 stocks.

Shares of NIO and BeiGene went down 4.12 percent and 0.46 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks fell modestly on Wednesday after two days of massive gains.

The Dow Jones Industrial Average decreased 42.45 points, or 0.14 percent, to 30,273.87. The S&P 500 declined 7.65 points, or 0.20 percent, to 3,783.28. The Nasdaq Composite Index slipped 27.77 points, or 0.25 percent, to 11,148.64.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 1.79 percent to 28.55.

As of Tuesday, 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 2,520.4, marking a 5.72-percent increase for the month-to-date returns and a 15.38-percent loss for the year-to-date returns.

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