Thu, 05 Aug 2021

U.S.-listed Chinese firms trade mostly higher

Xinhua
15 Jun 2021, 07:05 GMT+10

NEW YORK, June 14 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Monday with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

Shares of Bilibili and New Oriental Education & Technology Group climbed 3.63 percent and 2.2 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Yum China Holdings and Pinduoduo slipped 0.37 percent and 0.3 percent, respectively, the only two decliners in the top 10 stocks.

U.S. stocks finished mixed on Monday, as investors awaited a key meeting of the Federal Reserve.

The Dow Jones Industrial Average decreased 85.85 points, or 0.25 percent, to 34,393.75. The S&P 500 increased 7.71 points, or 0.18 percent, to 4,255.15. The Nasdaq Composite Index rose 104.72 points, or 0.74 percent, to 14,174.14.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, was up 4.73 percent to 16.39.

As of Friday, 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 4,565.52, marking a 0.36-percent loss for the month-to-date returns and a 12.62-percent slide for the year-to-date returns.

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