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U.S.-listed Chinese firms trade mostly higher

2019-07-23 05:24

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NEW YORK, July 22 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Monday 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 International rose 1.33 percent and 1.05 percent, respectively, leading the gainers in the top 10 stocks of the index.

Shares of Yum China Holdings and slid 1.87 percent and 1.06 percent, respectively, leading the laggards in the top 10 stocks of the index.

U.S. stocks gained on Monday as Wall Street is anticipating more strong earnings reports.

The Dow Jones Industrial Average was up 17.70 points, or 0.07 percent, to 27,171.90. The S&P 500 rose 8.42 points, or 0.28 percent, to 2,985.03. The Nasdaq Composite Index increased 57.65 points, or 0.71 percent, to 8,204.14.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, fell 6.37 percent to 13.53 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,719.98, marking a 1.94-percent decrease for the month-to-date returns and an 18.71-percent gain for the year-to-date returns. Enditem

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