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U.S.-listed Chinese firms trade higher

NEW YORK
2019-10-16 04:51

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NEW YORK, Oct. 15 (Xinhua) -- U.S.-listed Chinese companies traded higher on Tuesday with all of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a positive note.

Shares of JD.com and TAL Education Group rose 3.92 percent and 3.54 percent respectively, leading the gainers in the top 10 stocks of the index.

U.S. stocks traded higher on Tuesday, as the market was supported by a cheering start of the third-quarter corporate earnings season and decent manufacturing data of New York State.

The Dow Jones Industrial Average rose 237.44 points, or 0.89 percent, to 27,024.80. The S&P 500 increased 29.53 points, or 1.00 percent, to 2,995.68. The Nasdaq Composite Index rallied 100.06 points, or 1.24 percent, to 8,148.71.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, decreased 7.07 percent to 13.54 on Tuesday.

As of Monday, the S&P U.S. Listed China 50 index stood at 2,765.79, marking a 1.38-percent increase for the month-to-date returns and a 20.71-percent gain for the year-to-date returns.
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