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U.S.-listed Chinese firms trade mostly higher

2019-03-27 05:39

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NEW YORK, March 26 (Xinhua) -- 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 New Oriental Education & Technology and rose 1.58 percent and 1.48 percent, respectively, leading the gainers in the top 10 stocks of the index.

Shares of International and Alibaba Group Holding fell 1.19 percent and 0.39 percent, respectively, the only two decliners in the top 10 stocks of the index.

U.S. stocks ended higher on Tuesday, amid a flattening yield curve inversion and a batch of soft economic data, offsetting some pessimism about economic growth.

The Dow Jones Industrial Average rose 140.90 points, or 0.55 percent, to 25,657.73. The S&P 500 was up 20.10 points, or 0.72 percent, to 2,818.46. The Nasdaq Composite Index increased 53.98 points, or 0.71 percent, to 7,691.52.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 10.1 percent to 14.68 on Tuesday.

As of Monday, the S&P U.S. Listed China 50 index stood at 2,760.71, marking a 0.95-percent increase for the month-to-date returns and a 20.49-percent gain for the year-to-date returns.
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