U.S.-listed Chinese firms trade lower
Xinhua,April 12, 2018 Adjust font size:
NEW YORK, April 11 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Wednesday, with seven of all top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
Shares of TAL Education Group and shares of Yum China Holdings, Ltd. climbed 0.92 percent and 0.76 percent, respectively, leading the advancers in the top 10 stocks of the index, while shares of BeiGene, Ltd. lost 1.28 percent as the biggest laggard among the 10 stocks.
Meanwhile, shares of Chinese e-commerce giants Alibaba and JD.com dropped 0.98 percent and 0.59 percent, respectively.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 3,113.19, marking a 0.96-percent gain for the month-to-date returns and a 0.72-percent increase for the year-to-date returns.
U.S. stocks closed lower on Wednesday as investors digested latest economic data and renewed geopolitical concerns.
The Dow Jones Industrial Average lost 218.55 points, or 0.90 percent, to 24,189.45. The S&P 500 erased 14.68 points, or 0.55 percent, to 2,642.19. The Nasdaq Composite Index was down 25.27 points, or 0.36 percent, to 7,069.03. Enditem