U.S.-listed Chinese firms trade mostly lower

Thu, 25 Feb 2021

U.S.-listed Chinese firms trade mostly lower

Xinhua
23 Feb 2021, 08:18 GMT+10

NEW YORK, Feb. 22 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Monday 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 JD.com and NIO tumbled 7.95 percent and 7.92 percent, respectively, leading the laggards in the top 10 stocks in the index.

Shares of Trip.com Group climbed 2.59 percent, the lone gainer in the top 10 stocks.

U.S. stocks finished mixed on Monday amid a noticeable pullback in tech sector.

The Dow Jones Industrial Average rose 27.37 points, or 0.09 percent, to 31,521.69. The S&P 500 dipped 30.21 points, or 0.77 percent, to 3,876.50. The Nasdaq Composite Index shed 341.41 points, or 2.46 percent, to 13,533.05.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, surged 6.35 percent to 23.45.

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 6,458.39, marking a 15.03-percent gain for the month-to-date returns and a 23.61-percent rise for the year-to-date returns.

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