Companies

U.S.-listed Chinese firms trade mostly higher

NEW YORK
2020-12-04 06:00

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NEW YORK, Dec. 3 (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 Trip.com Group and New Oriental Education & Technology Group rose 6.24 percent and 2.61 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of NIO and NetEase slid 5.48 percent and 0.12 percent, respectively, the only two decliners in the top 10 stocks.

U.S. stocks finished mixed on Thursday as Wall Street pored through the nation's jobless claims numbers.

The Dow Jones Industrial Average increased 85.73 points, or 0.29 percent, to 29,969.52. The S&P 500 fell 2.29 points, or 0.06 percent, to 3,666.72. The Nasdaq Composite Index rose 27.82 points, or 0.23 percent, to 12,377.18.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 0.52 percent to 21.28.

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 4,821.65, marking a 1.32-percent loss for the month-to-date returns and a 52.23-percent gain for the year-to-date returns.
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