Wed, 20 Oct 2021

U.S.-listed Chinese firms trade mostly higher

Xinhua
22 Sep 2021, 07:05 GMT+10

NEW YORK, Sept. 21 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Tuesday with six 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 ZTO Express rose 1.43 percent and 1.42 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of JD.com and Alibaba Group Holding dipped 0.88 percent and 0.86 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks finished mixed on Tuesday as investors are awaiting a key policy statement from the Federal Reserve.

The Dow Jones Industrial Average decreased 50.63 points, or 0.15 percent, to 33,919.84. The S&P 500 fell 3.54 points, or 0.08 percent, to 4,354.19. The Nasdaq Composite Index increased 32.49 points, or 0.22 percent, to 14,746.40.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 5.25 percent at 24.36.

As of Monday, 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 3,445.54, marking an 8.28-percent loss for the month-to-date returns and a 34.05-percent slide for the year-to-date returns.

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