U.S.-listed Chinese firms trade mostly lower

2022-05-21 12:25:05Xinhua Editor : Wu Xinru ECNS App Download

U.S.-listed Chinese companies traded mostly lower on Wednesday with six of 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 Pinduoduo and XPeng dipped 2.73 percent and 1.44 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of BeiGene and Yum China Holdings rose 4.29 percent and 3.51 percent, respectively, leading the gainers in the top 10 stocks.

U.S. stocks closed mixed in choppy trading on Friday as investor sentiment remained shaky on Wall Street.

The Dow Jones Industrial Average increased 8.77 points, or 0.03 percent, to 31,261.90. The S&P 500 added 0.57 points, or 0.01 percent, to 3,901.36. The Nasdaq Composite Index fell 33.88 points, or 0.30 percent, to 11,354.62.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 0.27 percent to 29.43.

As of Thursday, 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 2,315.36, marking a 1.64-percent slide for the month-to-date returns and a 22.26-percent loss for the year-to-date returns. 


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