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U.S.-listed Chinese firms trade higher

NEW YORK
2019-03-05 09:38

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NEW YORK, March 4 (Xinhua) -- U.S.-listed Chinese companies traded higher on Monday with seven 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 TAL Education Group rose 2.25 percent, leading the advancers.    

Following the winner are shares of Alibaba Group Holding and Ctrip.com International, both increasing 1.83 percent.    

Shares of Yum China Holdings, however, fell 1.14 percent, leading the losers in the top 10 stocks of the index.    

U.S. stocks ended lower on Monday, as investors digested weaker-than-expected U.S. construction spending in December last year and a batch of healthcare stocks extended losses.    

The Dow Jones Industrial Average decreased 206.67 points, or 0.79 percent, to 25,819.65. The S&P 500 decreased 10.88 points, or 0.39 percent, to 2,792.81. The Nasdaq Composite Index fell 17.79 points, or 0.23 percent, to 7,577.57.    

The Cboe Volatility index, widely considered the best fear gauge in the stock market, rose 7.81 percent to 14.63 on Monday.    

As of Friday, the S&P U.S. Listed China 50 index stood at 2,742.36, marking a 0.28-percent increase for the month-to-date returns and a 19.69-percent gain for the year-to-date returns.
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