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U.S.-listed Chinese companies traded mostly higher amid market woe

Xinhua,May 23, 2018 Adjust font size:

NEW YORK, May 22 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Tuesday, with seven of all top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a upbeat note.

Shares of Ctrip.com International, Ltd. added 1.07 percent to close at 43.44 U.S. dollars apiece, the biggest advancer among the 10 stocks. Meanwhile, stocks of Yum China Holdings, Inc., the biggest laggard, lost 1.03 percent in market closing.

Shares of Chinese e-commerce giant Alibaba lost 0.90 percent to close at 195.87 U.S. dollars apiece on Monday.

As of Monday, the S&P U.S. Listed China 50 index stood at 3,144.37, marking a 2.70-percent increase for the month-to-date returns and a 1.73-percent gain for the year-to-date returns.

U.S. stocks ended lower on Tuesday as investors were digesting the latest developments of U.S.-China trade relations.

The Dow fell 0.72 percent to 24,834.41, and the S&P 500 was down 0.31 percent to 2,724.44, while the Nasdaq was down 0.21 percent to 7,378.46. Enditem