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U.S.-listed Chinese firms trade mostly higher

Xinhua Financein ​NEW YORK
2018-05-04 08:40

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U.S.-listed Chinese companies traded mostly higher on Thursday, with seven of all top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

Shares of TAL Education Group gained 2.93 percent to close at 37.24 U.S. dollars apiece, the biggest advancer among the 10 stocks. Meanwhile, stocks of Chinese technology company NetEase, Inc., the biggest laggard, lost 2.18 percent in market closing.

Shares of Chinese e-commerce giant Alibaba added 0.53 percent to close at 182.42 U.S. dollars apiece.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 3,059.62, marking a 0.06-percent decrease for the month-to-date returns and a 1.02-percent loss for the year-to-date returns.

U.S. stocks closed mixed on Thursday as investors digested a slew of quarterly corporate earnings as well as economic data.

The Dow Jones Industrial Average increased 5.17 points, or 0.02 percent, to 23,930.15. The S&P 500 was down 5.94 points, or 0.23 percent, to 2,629.73. The Nasdaq Composite Index fell 12.75 points, or 0.18 percent, to 7,088.15.
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