U.S.-listed Chinese companies traded mostly higher on Wednesday with all 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 New Oriental Education & Technology Group and Yum China Holdings rose 4.41 percent and 3.31 percent, respectively, leading gainers in the top 10 stocks of the index.
Shares of Baidu and JD.com increased 3.09 percent and 2.59 percent, respectively, also among the biggest winners in the top 10 stocks of the index.
U.S. stocks surged on Wednesday as investors cheered the more dovish comments on interest rates from Federal Reserve Chairman Jerome Powell.
The Dow Jones Industrial Average soared 617.70 points, or 2.50 percent, to 25,366.43. The S&P 500 rose 61.61 points, or 2.30 percent, to 2,743.78. The Nasdaq Composite Index increased 208.89 points, or 2.95 percent, to 7,291.59.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 2.79 percent to 18.49 on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,473.12, marking a 0.80-percent decrease for the month-to-date returns and a 19.99-percent loss for the year-to-date returns.
Shares of New Oriental Education & Technology Group and Yum China Holdings rose 4.41 percent and 3.31 percent, respectively, leading gainers in the top 10 stocks of the index.
Shares of Baidu and JD.com increased 3.09 percent and 2.59 percent, respectively, also among the biggest winners in the top 10 stocks of the index.
U.S. stocks surged on Wednesday as investors cheered the more dovish comments on interest rates from Federal Reserve Chairman Jerome Powell.
The Dow Jones Industrial Average soared 617.70 points, or 2.50 percent, to 25,366.43. The S&P 500 rose 61.61 points, or 2.30 percent, to 2,743.78. The Nasdaq Composite Index increased 208.89 points, or 2.95 percent, to 7,291.59.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 2.79 percent to 18.49 on Wednesday.
As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,473.12, marking a 0.80-percent decrease for the month-to-date returns and a 19.99-percent loss for the year-to-date returns.
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