U.S.-listed Chinese firms trade higher


  • World
  • Friday, 09 Dec 2022

NEW YORK, Dec. 8 (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 Li Auto and Alibaba Group Holding surged 6.68 percent and 6.61 percent, respectively, leading the advance in the top 10 stocks.

Shares of NIO and Pinduoduo jumped 6.6 percent and 6.16 percent, respectively, also among the best performers in the top 10 stocks.

Wall Street's major indexes rose on Thursday, recouping some of their recent losses.

The Dow Jones Industrial Average increased 183.56 points, or 0.55 percent, to 33,781.48. The S&P 500 added 29.59 points, or 0.75 percent, to 3,963.51. The Nasdaq Composite Index climbed 123.45 points, or 1.13 percent, to 11,082.00.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 1.72 percent to 22.29.

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 2,591.88, marking a 0.69-percent decrease for the month-to-date returns and a 12.98-percent loss for the year-to-date returns.

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