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U.S.-listed Chinese firms trade mostly higher

Xinhua News,NEW YORK
2020-04-28 04:59

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NEW YORK, April 27 (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 New Oriental Education & Technology Group and TAL Education Group surged 8.98 percent and 8.46 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Baidu and Alibaba Group Holding dipped 0.39 percent and 0.33 percent, respectively, the only two decliners in the top 10 stocks.

U.S. stocks ended higher on Monday as investors paid close attention to the efforts to normalize economic activities.

The Dow Jones Industrial Average increased 358.51 points, or 1.51 percent, to 24,133.78. The S&P 500 rose 41.74 points, or 1.47 percent, to 2,878.48. The Nasdaq Composite Index was up 95.64 points, or 1.11 percent, to 8,730.16.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 7.35 percent to 33.29 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 3,169.51, marking a 5.92-percent increase for the month-to-date returns and a 0.07-percent gain for the year-to-date returns.
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