U.S.-listed Chinese firms trade mostly higher


NEW YORK, May 27 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Friday with nine 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 NIO climbed 15.19 percent and 3.37 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Alibaba Group Holding slipped 1.13 percent, the lone decliner in the top 10 stocks.

U.S. stocks rallied on Friday as market sentiment was lifted by a slowing inflation report.

The Dow Jones Industrial Average rose 575.77 points, or 1.76 percent, to 33,212.96. The S&P 500 added 100.40 points, or 2.47 percent, to 4,158.24. The Nasdaq Composite Index increased 390.48 points, or 3.33 percent, to 12,131.13.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 6.47 percent to 25.72.

As of Thursday, 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 2,348.25, marking a 0.24-percent slide for the month-to-date returns and a 21.16-percent loss for the year-to-date returns.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In World

Filipina wins transgender pageant in Thailand
Biden, G7 leaders to agree on import ban on Russian gold - source
Italy's Paltrinieri wins men's 1500m freestyle at FINA worlds
Ghana repatriates 1,320 Nigeriens over street begging
Singapore reports 6,168 new COVID-19 cases
Lithuania's Meilutyte wins women's 50m breaststroke at FINA worlds
Ethiopia arrests three suspects in relation to videotaped killing
Armstrong wins men's 50m backstroke at FINA worlds
French PM Borne backs enshrining abortion rights in constitution
Colombia president-elect Petro names peace envoy as foreign minister

Others Also Read