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U.S.-listed Chinese firms trade mostly higher

2019-04-27 05:33

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NEW YORK, April 26 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Friday 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 and New Oriental Education & Technology Group rose 6.72 percent and 2.48 percent respectively, leading the winners in the top 10 stocks of the index.

Yet shares of Baidu and Alibaba Group Holding fell 1.08 percent and 0.42 percent respectively, leading the losers in the top 10 stocks of the index.

U.S. stocks closed higher on Friday, as the market was buoyed by a better-than-expected U.S. GDP growth for the first quarter, offsetting a string of falling chip stocks.

The Dow Jones Industrial Average increased 81.25 points, or 0.31 percent, to 26,543.33. The S&P 500 increased 13.71 points, or 0.47 percent, to 2,939.88. The Nasdaq Composite Index increased 27.72 points, or 0.34 percent, to 8,146.40.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 3.92 percent to 12.73 on Friday.

As of Thursday, the S&P U.S. Listed China 50 index stood at 2,958.71, marking a 2.97-percent increase for the month-to-date returns and a 29.13-percent gain for the year-to-date returns. Enditem

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