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U.S.-listed Chinese firms trade mostly higher

Xinhua News,NEW YORK
2020-06-02 05:16

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NEW YORK, June 1 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Monday, with seven 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 TAL Education Group and NetEase rose 8.09 percent and 3.84 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Trip.com Group and Pinduoduo slid 2.52 percent and 1.66 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks finished higher on Monday, as investors weighed the possibility of normalizing economic activities.

The Dow Jones Industrial Average rose 91.91 points, or 0.36 percent, to 25,475.02. The S&P 500 increased 11.42 points, or 0.38 percent, to 3,055.73. The Nasdaq Composite Index was up 62.18 points, or 0.66 percent, to 9,552.05.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 2.62 percent to 28.23.

As of Friday, the S&P U.S. Listed China 50 index stood at 3,524, marking a 9-percent increase for the month-to-date returns and an 11.26 -percent gain for the year-to-date returns.
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