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U.S.-listed Chinese firms trade higher

2019-10-11 05:15

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NEW YORK, Oct. 10 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday with all of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

Baidu shares gained 3.95 percent, leading the gainers in the top 10 stocks of the index.

Shares of New Oriental Education & Technology Group and International rose 1.61 percent and 1.21 percent, respectively, also among the best performers.

U.S. equities advanced on Thursday amid a new round of trade talks between China and the United States.

The Dow Jones Industrial Average jumped 150.66 points, or 0.57 percent, to 26,496.67. The S&P 500 increased 18.73 points, or 0.64 percent, to 2,938.13. The Nasdaq Composite Index was up 47.04 points, or 0.60 percent, to 7,950.78.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, fell 5.74 percent to 17.57 on Thursday.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,687.79, marking a 1.48-percent decrease for the month-to-date returns and a 17.30-percent gain for the year-to-date returns.
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