Sun, 09 Aug 2020

U.S.-listed Chinese firms trade flat

Xinhua
02 Jul 2020, 07:18 GMT+10

NEW YORK, July 1 (Xinhua) -- U.S.-listed Chinese companies traded roughly 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 TAL Education Group and ZTO Express rose 2.3 percent and 0.79 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Trip.com Group and Yum China Holdings slid 1.08 percent and 0.83 percent, respectively, leading the laggards in the top 10 stocks.

U.S. equities finished mixed on Wednesday as investors digested a slew of economic data.

The Dow Jones Industrial Average decreased 77.91 points, or 0.30 percent, to 25,734.97. The S&P 500 was up 15.57 points, or 0.50 percent, to 3,115.86. The Nasdaq Composite Index increased 95.86 points, or 0.95 percent, to 10,154.63.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 5.95 percent to 28.62.

As of Tuesday, the S&P U.S. Listed China 50 index stood at 3,966.81, marking a 12.57-percent increase for the month-to-date returns and a 25.24-percent gain for the year-to-date returns.

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