Fri, 29 Oct 2021

U.S.-listed Chinese firms trade flat

Xinhua
16 Sep 2021, 06:55 GMT+10

NEW YORK, Sept. 15 (Xinhua) -- U.S.-listed Chinese companies roughly traded flat on Wednesday with five 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 Baidu and Trip.com Group rose 0.75 percent and 0.67 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Yum China Holdings and Bilibili dipped 5.91 percent and 4.1 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks climbed on Wednesday, buoyed by a rally in the energy sector.

The Dow Jones Industrial Average rose 236.82 points, or 0.68 percent, to 34,814.39. The S&P 500 was up 37.65 points, or 0.85 percent, to 4,480.70. The Nasdaq Composite Index jumped 123.77 points, or 0.82 percent, to 15,161.53.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 6.58 percent at 18.18.

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 3,665.25, marking a 2.43-percent loss for the month-to-date returns and a 29.85-percent slide for the year-to-date returns.

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