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U.S.-listed Chinese firms trade mostly higher

NEW YORK
2019-11-28 07:22

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NEW YORK, Nov. 27 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Wednesday, with seven 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 Alibaba Group Holding and TAL Education Group rose 3.14 percent and 2.89 percent respectively, leading the gainers in the top 10 stocks of the index.

Shares of Pinduoduo and Yum China Holdings fell 3.03 percent and 0.88 percent respectively, leading the losers in the top 10 stocks of the index.

U.S. stocks ended higher on Wednesday, following closing highs on Tuesday, as investors digested a batch of data, including the moderately higher U.S. economic growth rate in the third quarter.

The Dow Jones Industrial Average increased 42.32 points, or 0.15 percent, to 28,164.00. The S&P 500 rose 13.11 points, or 0.42 percent, to 3,153.63. The Nasdaq Composite Index increased 57.24 points, or 0.66 percent, to 8,705.18.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, decreased 1.82 percent to 11.75 on Wednesday.

As of Tuesday, the S&P U.S. Listed China 50 index stood at 3,046.36, marking a 5.23-percent increase for the month-to-date returns and a 32.95-percent gain for the year-to-date returns.
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