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U.S.-Listed Chinese Firms Trade Mostly Lower

16765304038291  U.S.-listed Chinese companies traded mostly lower on Wednesday, with seven 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 Yum China Holdings and Pinduoduo slid 2.22 percent and 1.49 percent, respectively, leading the decliners in the top 10 stocks.

   

Shares of Baidu and NIO rose 1.99 percent and 1.84 percent, respectively, leading the gainers in the top 10 stocks.

 

 Wall Street’s major averages climbed on Wednesday as investors digested January U.S. retail sales data.

 

 The Dow Jones Industrial Average rose 38.78 points, or 0.11 percent, to 34,128.05. The S&P 500 added 11.47 points, or 0.28 percent, to 4,147.6. The Nasdaq Composite Index increased 110.45 points, or 0.92 percent, to 12,070.59.

 

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 3.6 percent to 18.23.

   

As of Tuesday, 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 2,860.83, marking a 1.71-percent loss for the month-to-date returns and an 11.33-percent increase for the year-to-date returns.  

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