US-listed Chinese firms trade lower amid economic data, geopolitical tensions
NEW YORK - US-listed Chinese companies traded mostly lower on Monday, with six of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day on a downbeat note.
Shares of Ctrip.com slumped 2.89 percent to close at $42.64 apiece, the biggest laggard among the 10 stocks.
Meanwhile, the shares of BeiGene Ltd and New Oriental Education & Technology Group Inc declined 0.95 percent and 0.93 percent respectively.
As of Friday last week, the S&P US Listed China 50 index stood at 3,023.77, marking a 1.94-percent loss for the month-to-date returns and a 2.18-percent decrease for the year-to-date returns.
US stocks closed higher on Monday as investors digested the latest economic data while closely monitoring geopolitical tensions in the Middle East.
The Dow Jones Industrial Average was up 212.90 points, or 0.87 percent, to 24,573.04. The S&P 500 increased 21.54 points, or 0.81 percent, to 2,677.84. The Nasdaq Composite Index was up 49.63 points, or 0.70 percent, to 7,156.28.
