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U.S.-listed Chinese firms trade mostly higher

Xinhua News,NEW YORK
2020-04-17 04:48

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NEW YORK, April 16 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday, with six 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 ZTO Express and JD.com soared 9.26 percent and 6.5 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of New Oriental Education & Technology Group and TAL Education Group dipped 4 percent and 3.74 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks closed higher on Thursday after data showed more than 5 million Americans filed for unemployment benefits last week,

The Dow Jones Industrial Average climbed 33.33 points, or 0.14 percent, to 23,537.68. The S&P 500 was up 16.19 points, or 0.58 percent, to 2,799.55. The Nasdaq Composite Index increased 139.19 points, or 1.66 percent, to 8,532.36.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 1.79 percent to 40.11 on Thursday.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 3,155.26, marking a 5.45-percent increase for the month-to-date returns and a 0.38-percent loss for the year-to-date returns.
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