U.S.-listed Chinese firms trade lower


  • World
  • Tuesday, 22 Nov 2022

NEW YORK, Nov. 21 (Xinhua) -- U.S.-listed Chinese companies traded lower on Monday, with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.

Shares of JD.com and Alibaba Group Holding slid 6.37 percent and 4.41 percent, respectively, leading the losses in the top 10 stocks.

Shares of NIO and BeiGene went down 4.3 percent and 4.17 percent, respectively, also among the worst performers in the top 10 stocks.

Wall Street's major indexes dipped on Monday, weighed by weakness in consumer discretionary and technology sectors.

The Dow Jones Industrial Average fell 45.41 points, or 0.13 percent, to 33,700.28. The S&P 500 decreased 15.40 points, or 0.39 percent, to 3,949.94. The Nasdaq Composite Index dropped 121.55 points, or 1.09 percent, to 11,024.51.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 3.29 percent to 22.36.

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 2,356.84, marking a 25.43-percent gain for the month-to-date returns and a 20.87-percent loss for the year-to-date returns.

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