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U.S.-listed Chinese firms trade mostly higher

Xinhua News,NEW YORK
2020-02-13 08:25

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NEW YORK, Feb. 12 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Wednesday 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 Yum China Holdings and Alibaba Group Holdings increased 3.67 percent and 3.27 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of NetEase decreased 0.76 percent, the only laggard in the top 10 stocks.

U.S. stocks closed higher on Wednesday as investors digested the latest quarterly corporate earnings reports.

The Dow Jones Industrial Average rose 275.08 points, or 0.94 percent, to 29,551.42. The S&P 500 was up 21.70 points, or 0.65 percent, to 3,379.45. The Nasdaq Composite Index increased 87.02 points, or 0.90 percent, to 9,725.96.

As of Tuesday, the S&P U.S. Listed China 50 index stood at 3,371.58, marking a 9.19-percent increase for the month-to-date returns and a 6.45-percent gain for the year-to-date returns.
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