U.S.-listed Chinese firms trade mostly higher

NEW YORK, Dec. 1 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Tuesday, with six 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 Yum China Holdings and Trip.com Group rose 3.17 percent and 2.44 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of NIO and New Oriental Education & Technology Group dipped 10.23 percent and 1.87 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks finished higher on Tuesday with the S&P 500 and the Nasdaq both hitting fresh records.

The Dow Jones Industrial Average increased 185.28 points, or 0.63 percent, to 29,823.92. The S&P 500 was up 40.82 points, or 1.13 percent, to 3,662.45. The Nasdaq Composite Index jumped 156.37 points, or 1.28 percent, to 12,355.11.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 0.97 percent to 20.77.

As of Monday, 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 4,885.95, marking a 10.57-percent increase for the November returns and a 54.26-percent gain for the year-to-date returns.

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