U.S.-listed Chinese firms trade mostly higher


  • World
  • Tuesday, 29 Nov 2022

NEW YORK, Nov. 28 (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 Pinduoduo and Trip.com Group jumped 12.62 percent and 8.32 percent, respectively, leading the advancers in the top 10 stocks.

Shares of NIO slipped 0.49 percent, the lone decliner in the top 10 stocks.

Wall Street's major indexes dropped on Monday as energy and real estate sectors led the broad market lower.

The Dow Jones Industrial Average fell 497.57 points, or 1.45 percent, to 33,849.46. The S&P 500 lost 62.18 points, or 1.54 percent, to 3,963.94. The Nasdaq Composite Index decreased 176.86 points, or 1.58 percent, to 11,049.50.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, added 8.34 percent to 22.21.

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 2,221.52, marking an 18.23-percent increase for the month-to-date returns and a 25.41-percent loss for the year-to-date returns.

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