U.S.-listed Chinese firms trade higher


NEW YORK, Jan. 19 (Xinhua) -- U.S.-listed Chinese companies traded roughly higher on Tuesday with all 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 Baidu and NetEase surged 4.84 percent and 4.78 percent, respectively, leading the gains in the top 10 stocks in the index.

Shares of Pinduoduo and TAL Education Group advanced 4.71 percent and 4.16 percent, respectively, also among the best performers.

Wall Street's major averages finished higher on Tuesday as investors bet on further U.S. fiscal stimulus, while digesting a slew of earnings reports.

The Dow Jones Industrial Average rose 116.26 points, or 0.38 percent, to 30,930.52. The S&P 500 increased 30.66 points, or 0.81 percent, to 3,798.91. The Nasdaq Composite Index jumped 198.68 points, or 1.53 percent, to 13,197.18.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, slipped 4.52 percent to 23.24.

The U.S. markets were closed on Monday in observance of Martin Luther King Jr. Day.

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 5,449.77, marking a 4.31-percent gain for the month-to-date returns and a 4.31-percent rise for the year-to-date returns.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In World

Dutch sex workers decry coronavirus curbs, demand to get back to work
U.S. Senate Intelligence Committee approves Burns to lead CIA
Spain lowers coronavirus tally after recount, infection rate falls
France's Macron tells Iran 'clear gestures' needed to revive nuclear deal
Italy closes schools in worst-hit coronavirus areas
France reports 22,857 new COVID-19 cases over 24 hours
Plan for new Lisbon airport blocked, government pushes for solution
UK welcomes EU and U.S. sanctions over poisoning of Kremlin foe Navalny
France, allies to push on with protest at IAEA over Iran's activities - foreign minister
Russia will respond to new EU sanctions over Navalny - envoy

Stories You'll Enjoy


Vouchers