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U.S.-listed Chinese firms trade mostly higher

NEW YORK
2019-11-08 05:45

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NEW YORK, Nov. 7 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday with eight 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 Baidu and New Oriental Education & Technology Group rose 13.52 percent and 2.20 percent respectively, leading the gainers in the top 10 stocks of the index.

Shares of Pinduoduo and Trip.com Group fell 0.41 percent and 0.34 percent respectively, the only two the losers.

U.S. stocks closed higher on Thursday, as Wall Street remained optimistic for a potential approach to ease lingering U.S.-China trade tensions and while the latest jobs data also lent support.

The Dow Jones Industrial Average was up 182.24 points, or 0.66 percent, to 27,674.80. The S&P 500 rose 8.40 points, or 0.27 percent, to 3,085.18. The Nasdaq Composite Index rose 23.89 points, or 0.28 percent, to 8,434.52.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, increased 0.87 percent to 12.73 on Thursday.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,996.58, marking a 3.52-percent increase for the month-to-date returns and a 30.78-percent gain for the year-to-date returns.
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