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U.S.-listed Chinese firms trade mostly higher

Xinhua News,NEW YORK
2020-05-08 05:02

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NEW YORK, May 7 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday, 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 and ZTO Express rose 3.37 percent and 3.35 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Yum China Holdings dipped 0.21 percent, the only decliner in the top 10 stocks.

Wall Street's major averages closed higher on Thursday as investors digested the newly-released weekly report on U.S. jobless claims.

The Dow Jones Industrial Average jumped 211.25 points, or 0.89 percent, to 23,875.89. The S&P 500 increased 32.77 points, or 1.15 percent, to 2,881.19. The Nasdaq Composite Index advanced 125.27 points, or 1.41 percent, to 8,979.66.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 7.85 percent to 31.44.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 3,174.79, marking a 1.8-percent decrease for the month-to-date returns and a 0.24-percent gain for the year-to-date returns.
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