U.S.-listed Chinese firms trade mostly lower amid market woe
Xinhua,April 21, 2018 Adjust font size:
NEW YORK, April 20 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Friday, with eight 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 SINA Corporation and shares of Yum China Holdings, Inc. added 0.73 percent and 0.12 percent respectively, the only advancers among the 10 stocks.
Shares of Chinese e-commerce company JD. com, the biggest laggard, slumped 3.75 percent to close at 37.44 U.S. dollars apiece.
Meanwhile, shares of another Chinese e-commerce giant Alibaba lost 1.26 percent to close at 179.11 U.S. dollars apiece.
As of Thursday, the S&P U.S. Listed China 50 index stood at 3,064.24, marking a 0.62-percent decrease for the month-to-date returns and a 0.87-percent loss for the year-to-date returns.
U.S. stocks ended lower on Friday as investors digested a string of quarterly earnings reports amid rising Treasury yield.
The Dow Jones Industrial Average fell 201.95 points, or 0.82 percent, to 24,462.94. The S&P 500 decreased 22.99 points, or 0.85 percent, to 2,670.14. The Nasdaq Composite Index fell 91.93 points, or 1.27 percent, to 7,146.13. Enditem