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U.S.-listed Chinese firms trade mostly higher

NEW YORK
2019-12-12 06:46

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NEW YORK, Dec. 11 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Wednesday with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

Shares of Alibaba Group and Yum China Holdings rose 2.09 percent and 1.79 percent, respectively, leading the advancers in the top 10 stocks in the index.

Stocks of Pinduoduo and JD.com slid 2.15 percent and 0.06 percent, respectively, the only two decliners among the top 10 stocks in the index.

U.S. stocks finished higher on Wednesday after the Federal Reserve left interest rates unchanged and signaled no immediate appetite for rate hikes.

The Dow Jones Industrial Average closed up 29.58 points, or 0.11 percent, to 27,911.30. The S&P 500 gained 9.11 points, or 0.29 percent, to 3,141.63. The Nasdaq Composite Index climbed 37.87 points, or 0.44 percent, to 8,654.05.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, dropped 4.4 percent to 14.99 on Wednesday.

As of Tuesday, the S&P U.S. Listed China 50 index stood at 3,043.01, marking a 0.13-percent decrease for the month-to-date returns and a 32.81-percent gain for the year-to-date returns.
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