U.S.-listed Chinese firms trade mostly higher


NEW YORK, Sept. 30 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Wednesday, with nine 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 Alibaba Group and JD.com surged 6.16 percent and 3.26 percent, respectively, leading the gainers in the top 10 stocks in the index.

Trip.com Group shares slid 0.42 percent, the lone decliner in the top 10 stocks.

U.S. stocks finished higher on Wednesday as Wall Street digested a slew of newly-released economic data.

The Dow Jones Industrial Average jumped 329.04 points, or 1.20 percent, to 27,781.70. The S&P 500 increased 27.53 points, or 0.83 percent, to 3,363.00. The Nasdaq Composite Index rose 82.26 points, or 0.74 percent, to 11,167.51.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 0.38 percent to 26.37.

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 4,213.81, marking a 4.33-percent loss for the month-to-date returns and a 33.04-percent gain for the year-to-date returns.

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