U.S.-listed Chinese firms trade lower amid market woe

Source: Xinhua| 2018-04-14 05:11:28|Editor: huaxia
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NEW YORK, April 13 (Xinhua) -- U.S.-listed Chinese companies traded lower on Friday, with all top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.

Shares of SINA Corporation slumped 5.52 percent to close at 93.37 U.S. dollars apiece, the biggest laggard among the 10 stocks.

Meanwhile, shares of Chinese e-commerce giants Alibaba and JD.com lost 2.21 percent and 1.97 percent, respectively.

As of Thursday, the S&P U.S. Listed China 50 index stood at 3,091.87, marking a 0.27-percent gain for the month-to-date returns and a 0.03-percent increase for the year-to-date returns.

U.S. stocks traded lower on Friday as investors digested the latest earnings reports and economic data.

The Dow Jones Industrial Average lost 122.25 points, or 0.50 percent, to 24,360.80. The S&P 500 dropped 7.65 points, or 0.29 percent, to 2,656.34. The Nasdaq Composite Index was down 33.60 points, or 0.47 percent, to 7,106.65. Enditem

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