U.S.-listed Chinese firms trade higher


NEW YORK, May 26 (Xinhua) -- U.S.-listed Chinese companies traded higher on Thursday 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 Alibaba Group Holding and Baidu soared 14.79 percent and 14.14 percent, respectively, leading the gains in the top 10 stocks in the index.

Shares of NIO and Pinduoduo surged 9.49 percent and 9.45 percent, respectively, also among the best performers in the top 10 stocks.

U.S. equities climbed on Thursday, buoyed by solid gains in consumer and tech stocks.

The Dow Jones Industrial Average jumped 516.91 points, or 1.61 percent, to 32,637.19. The S&P 500 increased 79.11 points, or 1.99 percent, to 4,057.84. The Nasdaq Composite Index rose 305.91 points, or 2.68 percent, to 11,740.65.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 3.07 percent to 27.50.

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 2,161.77, marking an 8.17-percent slide for the month-to-date returns and a 27.42-percent loss for the year-to-date returns.

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