U.S.-listed Chinese firms trade mostly lower

Source: Xinhua| 2021-11-18 05:49:07|Editor: huaxia

NEW YORK, Nov. 17 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Wednesday with nine of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.

Shares of Bilibili and Baidu tumbled 8.98 percent and 5.52 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of NetEase climbed 1.17 percent, the lone gainer in the top 10 stocks.

U.S. stocks fell on Wednesday, weighed by weakness in the energy and the financials sectors.

The Dow Jones Industrial Average decreased 211.17 points, or 0.58 percent, to 35,931.05. The S&P 500 dipped 12.23 points, or 0.26 percent, to 4,688.67. The Nasdaq Composite Index slid 52.28 points, or 0.33 percent, to 15,921.57.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 4.52 percent to 17.11.

As of Tuesday, 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 3,801.32, marking a 5.86-percent gain for the month-to-date returns and a 27.24-percent slide for the year-to-date returns. Enditem

KEY WORDS: US,Chinese firms,Stock
EXPLORE XINHUANET
010020070750000000000000011100001310317325