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U.S.-listed Chinese firms trade mostly higher
  ·  2022-05-13  ·   Source: Xinhua News Agency

U.S.-listed Chinese companies traded mostly higher on May 12 with seven of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

Shares of BeiGene and XPeng rose 8.56 percent and 3.43 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of JD.com and Alibaba Group Holding slipped 2.33 percent and 0.78 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks finished mixed in choppy trading on Thursday as major indexes tried to rebound from recent sell-offs.

The Dow Jones Industrial Average decreased 103.81 points, or 0.33 percent, to 31,730.30. The S&P 500 fell 5.10 points, or 0.13 percent, to 3,930.08. The Nasdaq Composite Index was up 6.72 points, or 0.06 percent, to 11,370.96.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 2.43 percent to 31.77.

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 2,027.33, marking a 13.88-percent slide for the month-to-date returns and a 31.93-percent loss for the year-to-date returns.

 

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