Companies

U.S.-listed Chinese firms trade mostly higher

Xinhua News,NEW YORK
2020-04-10 04:46

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NEW YORK, April 9 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday, with eight 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 New Oriental Education & Technology Group rose 3.35 percent and 2.84 percent, respectively, leading the gainers in the top 10 stocks in the index.

TAL Education Group and ZTO Express dipped 2.38 percent and 1.49 percent, the only two decliners in the top 10 stocks.

U.S. stocks climbed on Thursday after another massive jump in the country's jobless claims and the Federal Reserve's latest move to support the economy amid the COVID-19 pandemic.

The Dow Jones Industrial Average advanced 285.80 points, or 1.22 percent, to 23,719.37. The S&P 500 was up 39.84 points, or 1.45 percent, to 2,789.82. The Nasdaq Composite Index increased 62.67 points, or 0.77 percent, to 8,153.58.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, fell 3.88 percent to 41.67 on Thursday.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 3,032.48, marking a 1.34-percent increase for the month-to-date returns and a 4.26-percent loss for the year-to-date returns.
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