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

NEW YORK
2019-02-13 08:41

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U.S.-listed Chinese companies traded mostly higher on Tuesday, with eight 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 and SINA Corporation rose 3.06 percent and 3.04 percent respectively after market close, leading the winners.

Shares of New Oriental Education & Technology Group plunged 1.99 percent, and shares of TAL Education Group fell 0.03 percent, the two losers in the top 10 stocks of the index.

U.S. stocks ended higher on Tuesday, as the market has been boosted by a tentative deal by U.S. lawmakers to keep the government open and upbeat labor market data.

Shortly after the closing bell, the Dow Jones Industrial Average rebounded 372.32 points, or 1.49 percent, to 25,425.43. The S&P 500 was up 34.83 points, or 1.29 percent, to 2,744.63. The Nasdaq Composite Index rose 106.71 points, or 1.46 percent, to 7,414.62.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, fell 3.44 percent to 15.42 on Tuesday.

As of Monday, the S&P U.S. Listed China 50 index stood at 2,613.49, marking a 1.88-percent increase for the month-to-date returns and a 14.06-percent gain for the year-to-date returns.
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