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U.S.-listed Chinese firms trade mostly higher

NEW YORK
2019-11-27 06:25

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NEW YORK, Nov. 26 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Tuesday 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 NetEase and Alibaba Group Holding rose 3.26 percent and 2.23 percent, respectively, leading the gainers in the top 10 stocks of the index.

Shares of Baidu fell 1.43 percent, the only loser in the top 10 stocks of the index.

U.S. stocks closed higher on Tuesday, following Monday's all-time closing highs, as investors digested Federal Reserve Chairman Jerome Powell's latest speech and a slew of newly released data.

The Dow Jones Industrial Average increased 55.21 points, or 0.20 percent, to 28,121.68. The S&P 500 was up 6.88 points, or 0.22 percent, to 3,140.52. The Nasdaq Composite Index rose 15.44 points, or 0.18 percent, to 8,647.93.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, decreased 2.78 percent to 11.54 on Tuesday.

As of Monday, the S&P U.S. Listed China 50 index stood at 3,024.24, marking a 4.47-percent increase for the month-to-date returns and a 31.99-percent gain for the year-to-date returns.
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