U.S.-listed Chinese companies traded mostly higher on Tuesday 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 Trip.com Group and Baidu soared 7.92 percent and 4.93 percent, respectively, leading the advancers in the top 10 stocks. TAL Education Group dipped 0.79 percent, the only decliner in the top 10 stocks in the index. U.S. stocks closed sharply higher on Tuesday with the Dow up more than 1,100 points as Wall Street tried to recover from the previous session's massive rout. The Dow Jones Industrial Average surged 1,167.14 points, or 4.89 percent, to 25,018.16. The S&P 500 climbed 135.67 points, or 4.94 percent, to 2,882.23. The Nasdaq Composite Index rose 393.58 points, or 4.95 percent, to 8,344.25. The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 13.15 percent to 47.30 on Tuesday. As of Monday, the S&P U.S. Listed China 50 index stood at 3,064.26, marking a 2.87-percent decrease for the month-to-date returns and a 3.25-percent fall for the year-to-date returns.
Latest comments