U.S.-listed Chinese firms trade mostly lower

2019-05-14 07:38:00 GMT2019-05-14 15:38:00(Beijing Time) Xinhua English

NEW YORK, May 13 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Monday with nine of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.

Shares of New Oriental and 58.com slid 6.91 percent and 6.09 percent respectively, top two decliners in the top 10 stocks of the index.

Shares of JD.com added 0.04 percent, the only gainer in the top 10.

U.S. stocks plunged on Monday, as investors monitored the latest development of global trade.

The Dow Jones Industrial Average fell 617.38 points, or 2.38 percent, to 25,324.99. The S&P 500 was down 69.53 points, or 2.41 percent, to 2,811.87. The Nasdaq Composite Index fell 269.92 points, or 3.41 percent, to 7,647.02.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,837.22, marking a 5.92-percent decrease for the month-to-date returns and a 23.83-percent gain for the year-to-date returns.

 

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