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U.S.-listed Chinese firms trade mostly higher

2019-04-10 06:17

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NEW YORK, April 9 (Xinhua) -- U.S.-listed Chinese companies traded mostly 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 New Oriental Education & Technology Group and TAL Education Group rose 1.95 percent and 0.71 percent, respectively, leading the gainers in the top 10 stocks of the index.

Yet shares of Baidu and International fell 2.04 percent and 1.41 percent respectively, leading the losers in the top 10 stocks of the index.

U.S. stocks ended lower on Tuesday, as the International Monetary Fund (IMF) trimmed its outlook for global economic growth for 2019, and investors digested disappointing job opening data.

The Dow Jones Industrial Average fell 190.44 points, or 0.72 percent, to 26,150.58. The S&P 500 was down 17.57 points, or 0.61 percent, to 2,878.20. The Nasdaq Composite Index fell 44.61 points, or 0.56 percent, to 7,909.28.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 8.35 percent to 14.28 on Tuesday.

As of Monday, the S&P U.S. Listed China 50 index stood at 3,029.16, marking a 5.42-percent increase for the month-to-date returns and a 32.20-percent gain for the year-to-date returns.

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