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U.S.-listed Chinese firms trade mostly higher

Xinhua News,NEW YORK
2020-05-07 05:20

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NEW YORK, May 6 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Wednesday, 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 Yum China Holdings and Baidu rose 2.65 percent and 1.37 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of TAL Education Group and New Oriental Education & Technology Group slid 0.77 percent and 0.16 percent, respectively, the only two decliners in the top 10 stocks.

Wall Street's major averages closed mixed on Wednesday as investors digested a grim report on U.S. payrolls.

The Dow Jones Industrial Average fell 218.45 points, or 0.91 percent, to 23,664.64. The S&P 500 decreased 20.02 points, or 0.7 percent, to 2,848.42. The Nasdaq Composite Index increased 45.27 points, or 0.51 percent, to 8,854.39.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 1.52 percent to 34.12.

As of Tuesday, the S&P U.S. Listed China 50 index stood at 3,055.09, marking a 3.35-percent decrease for the month-to-date returns and a 1.34-percent loss for the year-to-date returns.
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