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​U.S.-listed Chinese firms trade mostly higher

Xinhua Financein NEW YORK
2018-11-08 09:35

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U.S.-listed Chinese companies traded mostly higher on Wednesday with seven 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 Alibaba and NetEase rose 3.43 percent and 2.80 percent respectively, leading the gainers in the top 10 stocks of the index.

Shares of BeiGene and Yum China declined 0.93 percent and 0.64 percent respectively, leading the laggards in the top 10 stocks of the index.

U.S. stocks closed higher on Wednesday after the results of the country's midterm elections came out as expected.

The Dow Jones Industrial Average was up 545.29 points, or 2.13 percent, to 26,180.30. The S&P 500 rose 58.44 points, or 2.12 percent, to 2,813.89. The Nasdaq Composite Index rose 194.79 points, or 2.64 percent, to 7,570.75.

As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,560.07, marking a 2.69-percent increase for the month-to-date returns and a 17.18-percent loss for the year-to-date returns.
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