US-listed Chinese firms trade mostly lower
NEW YORK - US-listed Chinese companies traded mostly lower on Tuesday, with 9 of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day on an downbeat note.
Shares of BeiGene, the only advancer in the top 10 stocks of the index, gained 0.76 percent to end at $155.48, while shares of JD.com lost 3.67 percent as the biggest laggard among the 10 stocks.
Meanwhile, shares of China's e-commerce giant Alibaba dipped 2.25 percent to close at $188.41 on Tuesday.
As of Monday, the S&P US Listed China 50 index stood at 3355.11, marking a 3.27 percent gain for the month-to-date returns and a 8.54-percent increase for the year-to-date returns.
US stocks reversed early gains to trade lower on Tuesday as investors digested the newly released consumer price data.
At the close, the Dow Jones Industrial Average dipped 171.58 points, or 0.68 percent, to 25,007.03. The S&P 500 decreased 17.71 point, or 0.64 percent, to 2,765.31. The Nasdaq Composite Index was down 77.31 points, or 1.02 percent, to 7,511.01.
