U.S.-listed Chinese firms trade mostly higher

  • World
  • Friday, 02 Oct 2020

NEW YORK, Oct. 1 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday, 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 New Oriental Education & Technology Group and NetEase rose 3.38 percent and 1.96 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of ZTO Express and Alibaba Group slid 1.47 percent and 1.34 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks closed higher on Thursday as investors digested a slew of economic data.

The Dow Jones Industrial Average increased 35.20 points, or 0.13 percent, to 27,816.90. The S&P 500 rose 17.80 points, or 0.53 percent, to 3,380.80. The Nasdaq Composite Index advanced 159.00 points, or 1.42 percent, to 11,326.51.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 1.25 percent to 26.70.

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 4,289.24, marking a 2.61-percent loss for the month-to-date returns and a 35.42-percent gain for the year-to-date returns.

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