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U.S.-listed Chinese firms trade mostly higher

NEW YORK
2019-12-24 06:03

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NEW YORK, Dec. 23 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Monday 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 JD.com jumped 2.69 percent, outpacing the rest in the top 10 stocks in the index. Shares of Pinduoduo and Alibaba climbed 1.42 percent and 1.22 percent, respectively, also among the best performers.

Yum China Holdings and NetEase slid 0.7 percent and 0.59 percent, respectively, the only two decliners in the top 10 stocks in the index.

U.S. stocks rallied on Monday, boosted by solid gains in Boeing shares.

The Dow Jones Industrial Average increased 96.44 points, or 0.34 percent, to close at 28,551.53. The S&P 500 rose 2.79 points, or 0.09 percent, to 3,224.01. The Nasdaq Composite Index was up 20.69 points, or 0.23 percent, to 8,945.65.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, rose 0.8 percent to 12.61 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 3,188.44, marking a 4.64-percent increase for the month-to-date returns and a 39.15-percent gain for the year-to-date returns.
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