US-listed Chinese firms trade lower

Source:Xinhua Published: 2019/5/18 7:20:09

US-listed Chinese companies traded mostly lower on Friday with all of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day in the negative territory.

Shares of Baidu and ZTO Express plunged 16.52 percent and 8.24 percent respectively, top two decliners in the top 10 stocks of the index.

US stocks closed lower on Friday as investors weigh major economic data against global trade prospects.

The Dow Jones Industrial Average decreased 98.68 points, or 0.38 percent, to 25,764.00. The S&P 500 fell 16.79 points, or 0.58 percent, to 2,859.53. The Nasdaq Composite Index decreased 81.76 points, or 1.04 percent, to 7,816.28.

As of Thursday, the S&P US Listed China 50 index stood at 2,864.70, marking a 5.01-percent decrease for the month-to-date returns and a 25.02-percent gain for the year-to-date returns.

Posted in: MARKETS

blog comments powered by Disqus