U.S.-listed Chinese firms trade mostly lower amid market woe
Xinhua,March 28, 2018 Adjust font size:
NEW YORK, March 27 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Tuesday, with nine of top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an downbeat note.
Shares of Chinese biotechnology company BeiGene, the only advancer in the top 10 stocks of the index, climbed 0.23 percent to close at 165.10 U.S. dollars apiece.
Meanwhile, shares of Chinese e-commerce giants Alibaba and JD.com, lost 4.52 and 2.72 percent, respectively.
As of Monday, the S&P U.S. Listed China 50 index stood at 3,186.95, marking a 1.91-percent decline for the month-to-date returns and a 3.10-percent increase for the year-to-date returns.
U.S. stocks ended lower on Tuesday, reversing earlier gains, as the broad sell-off in the technology sector dragged the major averages down.
At the close, the Dow Jones Industrial Average lost 344.89 points, or 1.43 percent, to 23,857.71. The S&P 500 decreased 45.93 points, or 1.73 percent, to 2,612.62. The Nasdaq Composite Index edged down 211.74 point, or 2.93 percent, to 7,008.81. Enditem