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U.S.-listed Chinese firms trade higher

NEW YORK
2018-08-28 09:05

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U.S.-listed Chinese companies traded mostly higher on Monday with 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 and BeiGene climbed 4.04 percent and 3.88 percent respectively, outperforming others in the top 10 stocks.

U.S. stocks closed higher on Monday after the United States and Mexico struck a trade deal that might pave the way for replacing the North American Free Trade Agreement (NAFTA).

The Dow Jones Industrial Average increased 259.29 points, or 1.01 percent, to 26,049.64. The S&P 500 was up 22.05 points, or 0.77 percent, to 2,896.74. The Nasdaq Composite Index was up 71.92 points, or 0.91 percent, to 8,017.90.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,894.17, marking a 8.22-percent decrease for the month-to-date returns and a 6.37-percent loss for the year-to-date returns. 
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