ZCZC
BCN-31
US-CHINA-FIRMS-TRADE
U.S.-listed Chinese firms trade mostly higher
NEW YORK, Nov. 15, 2018 (BSS/Xinhua) – U.S.-listed Chinese companies
traded mostly higher on Wednesday 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 BeiGene and Ctrip.com International advanced 8.32 percent and
4.16 percent, respectively, leading the gainers in the top 10 stocks of the
index.
Shares of NetEase and Alibaba Group Holding rose 2.58 percent and 2.35
percent, respectively, also among the best performers. Meanwhile, TAL
Education Group stock closed unchanged.
U.S. stocks tumbled on Wednesday as steep losses in Apple shares coupled
with a decline in major bank shares weighed on the market.
The Dow Jones Industrial Average decreased 205.99 points, or 0.81 percent,
to 25,080.50. The S&P 500 was down 20.60 points, or 0.76 percent, to
2,701.58. The Nasdaq Composite Index slid 64.48 points, or 0.90 percent, to
7,136.39.
The Cboe Volatility index, widely considered the best fear gauge in the
stock market, increased 6.14 percent to 21.25 on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,405.94,
marking a 3.49-percent decrease for the month-to-date returns and a 22.16-
percent loss for the year-to-date returns.
BSS/XINHUA/HR/1300