U.S.-listed Chinese firms trade flat


  • World
  • Thursday, 26 Jan 2023

NEW YORK, Jan. 25 (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 Baidu rose 2.85 percent and 1.08 percent, respectively, leading the advancers in the top 10 stocks.

Shares of BeiGene and Yum China Holdings slipped 1.22 percent and 1.05 percent, respectively, leading the decliners in the top 10 stocks.

Wall Street's major averages ended mixed on Wednesday as investors digested earnings reports.

The Dow Jones Industrial Average rose 9.88 points, or 0.03 percent, to 33,743.84. The S&P 500 lost 0.73 points, or 0.02 percent, to 4,016.22. The Nasdaq Composite Index decreased 20.91 points, or 0.18 percent, to 11,313.36.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, fell 0.62 percent to 19.08.

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 2,963.77, marking a 15.33-percent rise for the month-to-date returns and a 15.33-percent increase for the year-to-date returns.

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