Companies

U.S.-listed Chinese firms trade higher

Xinhua News,NEW YORK
2020-03-18 05:33

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U.S.-listed Chinese companies traded higher on Tuesday, with all 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 JD.com surged 8.83 percent, outpacing the rest in the top 10 stocks in the index.

TAL Education Group and Yum China Holdings climbed 7.04 percent and 6.24 percent, respectively, also among the best performers.

U.S. stocks rebounded on Tuesday, following a historic drop in the previous session, amid hopes for further stimulus measures to counter the coronavirus impact.

The Dow Jones Industrial Average finished up 1048.86 points, or 5.2 percent, to 21,237.38. The S&P 500 increased 143.06 points, or 6 percent, to 2,529.19. The Nasdaq Composite Index rose 430.19 points, or 6.23 percent, to 7,334.78.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 8.2 percent to 75.91 on Tuesday.

As of Monday, the S&P U.S. Listed China 50 index stood at 2,725.05, marking a 13.62-percent decrease for the month-to-date returns and a 13.96-percent decline for the year-to-date returns.
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