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U.S.-listed Chinese firms trade mostly higher

2018-11-16 08:45

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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 and NetEase advanced 6.33 percent and 5.32 percent, respectively, leading the gainers in the top 10 stocks of the index.

Shares of SINA Corporation and Alibaba Group Holding rose 4.39 percent and 3.84 percent, respectively, also among the best performers. Meanwhile, shares of International closed unchanged.

U.S. stocks rallied on Thursday as major tech shares gained, bolstering the market.
The Dow Jones Industrial Average jumped 208.77 points, or 0.83 percent, to 25,289.27. The S&P 500 rose 28.62 points, or 1.06 percent, to 2,730.20. The Nasdaq Composite Index advanced 122.64 points, or 1.72 percent, to 7,259.03.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 5.98 percent to 19.98 on Thursday.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,453.30, marking a 1.59-percent decrease for the month-to-date returns and a 20.63-percent loss for the year-to-date returns. 
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