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U.S.-listed Chinese firms traded roughly mixed

NEW YORK
2018-03-09 11:16

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U.S.-listed Chinese companies traded mixed on Thursday, with six of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an downbeat note.

Shares of TAL Education Group and shares of NetEase Inc., jumped 2.58 percent and 2.33 percent respectively, leading the advancers in the top 10 stocks of the index, while shares of BeiGene Ltd. dropped 2.71 percent as the biggest laggard among the 10 stocks.

Meanwhile, shares of Alibaba and shares of Baidu, China's two tech giants listed in the U.S. equity market, fell 0.99 percent and 0.05 percent respectively on Thursday, while shares of JD.com, another famous e-commerce giant in China, gained 2.21 percent.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, fell 6.87 percent to 16.54 on Thursday.

U.S. stocks ended higher on Thursday after wavering between gains and losses, as investors awaited more details about the U.S. President Donald Trump's tariff plan.

At the close, the Dow Jones Industrial Average added 93.85 points, or 0.38 percent, to 24,895.21. The S&P 500 increased 12.17 points, or 0.45 percent, to 2,738.97. The Nasdaq Composite Index was up 31.30 points, or 0.42 percent, to 7,427.95.
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