U.S.-listed Chinese firms trade mostly higher


NEW YORK, Oct. 12 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Monday, with eight 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 Pinduoduo and JD.com surged 6.51 percent and 5.68 percent, leading the gainers in the top 10 stocks in the index.

Shares of TAL Education Group and Yum China Holdings slid 0.34 percent and 0.17 percent, respectively, the only two decliners in the top 10 stocks.

U.S. stocks ended higher on Monday, bolstered by strong gains in tech sector.

The Dow Jones Industrial Average increased 250.62 points, or 0.88 percent, to 28,837.52. The S&P 500 was up 57.09 points, or 1.64 percent, to 3,534.22. The Nasdaq Composite Index jumped 296.32 points, or 2.56 percent, to 11,876.26.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, rose 0.28 percent to 25.07.

As of Friday, 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 4,416.82, marking a 2.97-percent increase for the month-to-date returns and a 39.45-percent gain for the year-to-date returns.

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