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U.S.-listed Chinese firms trade higher

2018-12-04 08:45

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U.S.-listed Chinese companies traded mostly higher on Monday 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 New Oriental and TAL Education advanced 6.72 percent and 4.92 percent, respectively, leading the gainers in the top 10 stocks of the index.

Shares of BeiGene declined 1.64 percent, the only laggard in the top 10.

U.S. stocks closed higher on Monday after China and the United States agreed to take measures to ease trade tensions and maintain close contact.

The Dow Jones Industrial Average increased 287.97 points, or 1.13 percent, to 25,826.43. The S&P 500 increased 30.20 points, or 1.09 percent, to 2,790.37. The Nasdaq Composite Index was up 110.98 points, or 1.51 percent, to 7,441.51.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,533.01, marking a 1.61-percent increase for the month-to-date returns and a 18.05-percent loss for the year-to-date returns.
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