U.S.-listed Chinese firms trade mostly lower


NEW YORK, April 8 (Xinhua) — U.S.-listed Chinese corporations traded mostly lower on Friday with eight of the highest 10 shares by weight within the S&P U.S. Listed China 50 index ending the day on a downbeat notice.

Shares of BeiGene and Bilibili dropped 7.97 p.c and 6.88 p.c, respectively, main the laggards within the prime 10 shares within the index.

Shares of Pinduoduo and NetEase superior 0.54 p.c and 0.08 p.c, respectively, the one two gainers within the prime 10 shares.

U.S. shares completed blended on Friday, weighed by weak point in tech names.

The Dow Jones Industrial Average rose 137.55 factors, or 0.40 p.c, to 34,721.12. The S&P 500 fell 11.93 factors, or 0.27 p.c, to 4,488.28. The Nasdaq Composite Index decreased 186.30 factors, or 1.34 p.c, to 13,711.00.

The Cboe Volatility Index, broadly thought-about as the perfect concern gauge within the inventory market, dipped 1.81 p.c to 21.16.

As of Thursday, the S&P U.S. Listed China 50 index, which is designed to trace the efficiency of the 50 largest Chinese corporations listed on U.S. exchanges by whole market cap, stood at 2,379.08, marking a 1.31-percent acquire for the month-to-date returns and a 20.12-percent loss for the year-to-date returns.

Source link