U.S.-listed Chinese firms trade mostly higher
Jul 19, 2022
New York City [US], July 19: U.S.-listed Chinese companies traded mostly higher 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 an upbeat note.
Shares of JD.com and Li Auto climbed 2.97 percent and 1.85 percent, respectively, leading the advancers in the top 10 stocks.
Shares of BeiGene slipped 2.49 percent, the lone decliner in the index.
U.S. stocks ended lower in volatile trading on Monday as market sentiment remained fickle.
The Dow Jones Industrial Average decreased 215.65 points, or 0.69 percent, to 31,072.61. The S&P 500 fell 32.31 points, or 0.84 percent, to 3,830.85. The Nasdaq Composite Index sank 92.37 points, or 0.81 percent, to 11,360.05.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 4.42 percent to 25.30.
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 2,635.78, marking a 6.17-percent slide for the month-to-date returns and an 11.51-percent loss for the year-to-date returns.
Source: Xinhua
