Thu, 23 Sep 2021

U.S.-listed Chinese firms trade higher

Xinhua
29 Jul 2021, 15:18 GMT+10

NEW YORK, July 28 (Xinhua) -- U.S.-listed Chinese companies traded roughly higher on Wednesday with all 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 Pinduoduo and NetEase soared 15.54 percent and 13.38 percent, respectively, leading the gains in the top 10 stocks in the index.

Shares of Bilibili and JD.com jumped 11.88 percent and 8.51 percent, respectively, also among the best performers in the top 10 stocks.

U.S. stocks finished mixed on Wednesday as investors sifted through the Federal Reserve's latest statement, while digesting earnings reports from big tech names.

The Dow Jones Industrial Average fell 127.59 points, or 0.36 percent, to 34,930.93. The S&P 500 was down 0.82 points, or 0.02 percent, to 4,400.64. The Nasdaq Composite Index rose 102.01 points, or 0.70 percent, to 14,762.58.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 5.42 percent to 18.31.

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 3,560.72, marking a 25.88-percent loss for the month-to-date returns and a 31.85-percent slide for the year-to-date returns.

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