U.S.-listed Chinese companies traded mostly higher on Thursday with nine 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 JD.com and New Oriental Education & Technology Group surged 8.21 percent and 6.79 percent, respectively, leading the advancers in the top 10 stocks of the index. Shares of Alibaba Group Holding and NetEase climbed 6.30 percent and 6.14 percent, respectively, also among the biggest winners.
Shares of Yum China Holdings declined 0.67 percent, the only loser in the top 10 stocks of the index.
U.S. stocks continued to advance on Thursday after two rallying sessions as market sentiment was fueled by a slew of strong corporate earnings.
The Dow Jones Industrial Average surged 264.98 points, or 1.06 percent, to 25,380.74. The S&P 500 rose 28.63 points, or 1.06 percent, to 2,740.37. The Nasdaq Composite Index advanced 128.16 points, or 1.75 percent, to 7,434.06.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 8.90 percent to 19.34 on Thursday.
As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,492.95, marking a 10.38-percent decrease for the month-to-date returns and a 19.35-percent loss for the year-to-date returns.
Shares of JD.com and New Oriental Education & Technology Group surged 8.21 percent and 6.79 percent, respectively, leading the advancers in the top 10 stocks of the index. Shares of Alibaba Group Holding and NetEase climbed 6.30 percent and 6.14 percent, respectively, also among the biggest winners.
Shares of Yum China Holdings declined 0.67 percent, the only loser in the top 10 stocks of the index.
U.S. stocks continued to advance on Thursday after two rallying sessions as market sentiment was fueled by a slew of strong corporate earnings.
The Dow Jones Industrial Average surged 264.98 points, or 1.06 percent, to 25,380.74. The S&P 500 rose 28.63 points, or 1.06 percent, to 2,740.37. The Nasdaq Composite Index advanced 128.16 points, or 1.75 percent, to 7,434.06.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 8.90 percent to 19.34 on Thursday.
As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,492.95, marking a 10.38-percent decrease for the month-to-date returns and a 19.35-percent loss for the year-to-date returns.
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