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U.S.-listed Chinese firms trade higher

NEW YORK
2019-03-06 06:52

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NEW YORK, March 5 (Xinhua) -- U.S.-listed Chinese companies traded higher on Tuesday with six 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 Ctrip.com International and NetEase rose 19.78 percent and 4.57 percent respectively, leading the advancers. Shares of SINA Corporation and BeiGene, however, fell 4.06 percent and 1.49 percent respectively, leading the losers in the top 10 stocks of the index.

U.S. stocks ended lower on Tuesday, as investors digested a batch of mixed economic data and a senior U.S. Federal Reserve official's cautious speech. The Dow Jones Industrial Average fell 13.02 points, or 0.05 percent, to 25,806.63. The S&P 500 was down 3.16 points, or 0.11 percent, to 2,789.65. The Nasdaq Composite Index was down 1.21 points, or 0.02 percent, to 7,576.36.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, rose 0.75 percent to 14.74 on Monday. As of Monday, the S&P U.S. Listed China 50 index stood at 2,758.50, marking a 0.87-percent increase for the month-to-date returns and a 20.39-percent gain for the year-to-date returns.
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