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US-listed Chinese firms trade higher
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  • //english.dbw.cn  2019-02-27 14:54:01
     

    U.S.-listed Chinese companies traded higher on Tuesday with seven 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 New Oriental Education & Technology Group and JD.com, Inc. climbed 1.61 percent and 1.53 percent respectively, leading the gainers in the top 10 stocks of the index.

    Shares of Baidu, Inc., however, slid 1.83 percent, leading the laggards in the top 10 stocks of the index.

    U.S. stocks ended lower on Tuesday, as market sentiment was dented by weakening economic data and corporate earnings, and investors digested latest remarks of U.S. Federal Reserve Chairman Jerome Powell.

    The Dow Jones Industrial Average decreased 33.97 points, or 0.13 percent, to 26,057.98. The S&P 500 fell 2.21 points, or 0.08 percent, to 2,793.90. The Nasdaq Composite Index fell 5.16 points, or 0.07 percent, to 7,549.30.

    The Cboe Volatility index, widely considered the best fear gauge in the stock market, rose 2.15 percent to 15.17 on Tuesday.

    The S&P U.S. Listed China 50 index stood at 2,733.07 on Tuesday, marking a 6.54-percent increase for the month-to-date returns and a 19.28-percent gain for the year-to-date returns.

    Author:    Source:xinhua    Editor:Yang Fan

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