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U.S.-listed Chinese firms trade mostly higher

NEW YORK
2019-11-26 06:56

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NEW YORK, Nov. 25 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Monday with nine 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 Pinduoduo and Yum China Holdings rose 7.44 percent and 3.30 percent, respectively, leading the gainers in the top 10 stocks of the index.

Shares of NetEase fell 1.87 percent, the only loser in the top 10 stocks of the index.

U.S. stocks closed higher on Monday, with the three major indexes hitting record highs, as Wall Street remained hopeful for the development of U.S.-China trade scenarios.

The Dow Jones Industrial Average increased 190.85 points, or 0.68 percent, to 28,066.47. The S&P 500 rallied 23.35 points, or 0.75 percent, to 3,133.64. The Nasdaq Composite Index climbed 112.60 points, or 1.32 percent, to 8,632.49.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, decreased 3.81 percent to 11.87 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,968.33, marking a 2.54-percent increase for the month-to-date returns and a 29.55-percent gain for the year-to-date returns.
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