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U.S.-listed Chinese firms trade mostly higher

2019-05-16 05:33

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NEW YORK, May 15 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Wednesday 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 and New Oriental climbed 2.60 percent and 1.87 percent respectively, leading the gainers in the top 10 stocks of the index.

Shares of Yum China and NetEase fell 0.26 percent and 0.13 percent respectively, the only two decliners in the top 10.

U.S. stocks closed higher on Wednesday as investors closely monitored the latest development of global trade and digested a batch of major economic data.

The Dow Jones Industrial Average rose 115.97 points, or 0.45 percent, to 25,648.02. The S&P 500 was up 16.55 points, or 0.58 percent, to 2,850.96. The Nasdaq Composite Index increased 87.65 points, or 1.13 percent, to 7,822.15.

As of Tuesday, the S&P U.S. Listed China 50 index stood at 2,809.49, marking a 6.84-percent decrease for the month-to-date returns and a 22.62-percent gain for the year-to-date returns. Enditem

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