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U.S.-listed Chinese firms trade mostly lower despite rise of broad market


NEW YORK, Sept. 24 (Xinhua) — U.S.-listed Chinese companies traded mostly lower on Thursday, with seven of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day lower.

E-commerce platforms and Pinduoduo led the laggards by losing 2.51 percent and 1.76 percent, respectively.

Meanwhile, the shares of Yum China Holdings, delivery platform ZTO Express and search engine Baidu gained 2.07 percent, 1 percent and 0.68 percent, respectively.

U.S. stocks saw marginal growth on Thursday amid positive signals about additional fiscal stimulus.

The Dow Jones Industrial Average grew 52.31 points, or 0.20 percent, to 26,815.44. The S&P 500 picked up 9.67 points, or 0.30 percent, to 3,246.59. The Nasdaq Composite Index gained 39.28 points, or 0.37 percent, to 10,672.27.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, declined 0.24 percent to 28.51.

As of Wednesday, 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 4,161.43, marking a 5.52-percent loss for the month-to-date returns and a 31.39-percent gain for the year-to-date returns. Enditem


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