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U.S.-listed Chinese firms trade mostly higher

Xinhua News,NEW YORK
2020-01-08 05:42

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NEW YORK, Jan. 7 (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 an upbeat note.

Shares of Trip.com Group jumped 4.6 percent, outpacing the rest of the top 10 stocks in the index.

Pinduoduo and TAL Education Group rose 2.79 percent and 2.37 percent, respectively, also among the best performers.

ZTO Express slid 1.54 percent, the only decliner.

U.S. stocks ended lower on Tuesday as Wall Street weighed the geopolitical risks following U.S. airstrike against a top Iranian commander last week.

The Dow Jones Industrial Average dropped 119.70 points, or 0.42 percent, to 28,583.68. The S&P 500 decreased 9.10 points, or 0.28 percent, to 3,237.18. The Nasdaq Composite Index was down 2.88 points, or 0.03 percent, to 9,068.58.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, dipped 0.43 percent to 13.79 on Tuesday.

As of Monday, the S&P U.S. Listed China 50 index stood at 3,317.47, marking a 4.74-percent increase for the month-to-date returns and a 4.74-percent gain for the year-to-date returns.
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