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U.S.-listed Chinese firms trade roughly higher

Xinhua News,NEW YORK
2020-06-03 06:11

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NEW YORK, June 2 (Xinhua) -- U.S.-listed Chinese companies traded roughly higher on Tuesday, with all 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 Alibaba Group Holding rose 4.49 percent and 3.76 percent, respectively, leading the gains in the top 10 stocks in the index.

Trip.com Group and NetEase climbed 2.9 percent and 2.78 percent, respectively, also among the best performers in the top 10 stocks.

U.S. stocks ended higher on Tuesday, as Wall Street weighed the possibility of normalizing economic activities amid civil unrest.

The Dow Jones Industrial Average jumped 267.63 points, or 1.05 percent, to 25,742.65. The S&P 500 was up 25.09 points, or 0.82 percent, to 3,080.82. The Nasdaq Composite Index increased 56.33 points, or 0.59 percent, to 9,608.37.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, slid 4.92 percent to 26.84.

As of Monday, the S&P U.S. Listed China 50 index stood at 3,572.11, marking a 1.37-percent increase for the month-to-date returns and a 12.78-percent gain for the year-to-date returns.
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