U.S.-listed Chinese companies traded mostly higher on Wednesday 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 BeiGene, Ltd. and JD.com advanced 9.22 percent and 6.84 percent, respectively, leading the winners in the top 10 stocks of the index.
Shares of New Oriental Education & Technology Group and Alibaba Group Holding rose 5.90 percent and 4.63 percent, respectively, also among the biggest gainers.
NetEase stock, however, decreased 0.62 percent, the only decliner in the top 10 stocks of the index.
U.S. stocks rallied on Wednesday, with the Dow surging more than 1,000 points, as investors tried to regain some of the steep losses suffered in the previous trading sessions.
The Dow Jones Industrial Average jumped 1,086.25 points, or 4.98 percent, to 22,878.45. The S&P 500 climbed 116.60 points, or 4.96 percent, to 2,467.70. The Nasdaq Composite Index advanced 361.44 points, or 5.84 percent, to 6,554.36.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, dropped 15.69 percent to 30.41 on Wednesday.
As of Monday, the S&P U.S. Listed China 50 index stood at 2,240.81, marking an 11.54-percent decrease for the month-to-date returns and a 27.51-percent loss for the year-to-date returns.
Shares of BeiGene, Ltd. and JD.com advanced 9.22 percent and 6.84 percent, respectively, leading the winners in the top 10 stocks of the index.
Shares of New Oriental Education & Technology Group and Alibaba Group Holding rose 5.90 percent and 4.63 percent, respectively, also among the biggest gainers.
NetEase stock, however, decreased 0.62 percent, the only decliner in the top 10 stocks of the index.
U.S. stocks rallied on Wednesday, with the Dow surging more than 1,000 points, as investors tried to regain some of the steep losses suffered in the previous trading sessions.
The Dow Jones Industrial Average jumped 1,086.25 points, or 4.98 percent, to 22,878.45. The S&P 500 climbed 116.60 points, or 4.96 percent, to 2,467.70. The Nasdaq Composite Index advanced 361.44 points, or 5.84 percent, to 6,554.36.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, dropped 15.69 percent to 30.41 on Wednesday.
As of Monday, the S&P U.S. Listed China 50 index stood at 2,240.81, marking an 11.54-percent decrease for the month-to-date returns and a 27.51-percent loss for the year-to-date returns.
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