U.S.-listed Chinese firms trade flat


NEW YORK, Dec. 5 (Xinhua) -- U.S.-listed Chinese companies traded roughly flat on Monday, 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 Baidu and Pinduoduo rose 2.74 percent and 1.69 percent, respectively, leading the gainers in the top 10 stocks.

Shares of BeiGene and Li Auto slid 6.51 percent and 2.94 percent, respectively, leading the laggards in the top 10 stocks.

Wall Street's major indexes fell noticeably on Monday, driven by renewed concerns over aggressive policy tightening by the Federal Reserve.

The Dow Jones Industrial Average dropped 482.78 points, or 1.40 percent, to 33,947.10. The S&P 500 was down 72.86 points, or 1.79 percent, to 3,998.84. The Nasdaq Composite Index sank 221.56 points, or 1.93 percent, to 11,239.94.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, surged 8.87 percent to 20.75.

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 2,655.29, marking a 1.74-percent decrease for the month-to-date returns and a 10.85-percent loss for the year-to-date returns.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In World

Eight shot dead at birthday party in South Africa - police
Under-funded WHO seeks 'reinforced' role in global health at key meeting
Man with history of torturing women is using dating apps to lure new victims in Oregon,�US police say
US man accused of sexually abusing unconscious woman, recording it
Australian group launches campaign to stop Indigenous voice in parliament
Scholz downplays differences on Ukraine on South America tour
Online system to seek asylum in US is quickly overwhelmed
Ukraine calls for faster weapons supplies as Russia presses eastern offensive
Elon Musk’s mysterious ways on display in Tesla tweet trial
Peru's Boluarte exhorts Congress to advance elections amid anger over deaths

Others Also Read