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U.S.-listed Chinese firms trade mostly higher

Xinhua News,NEW YORK
2020-07-10 04:59

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NEW YORK, July 9 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday, 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 NetEase and New Oriental Education & Technology Group surged 6.31 percent and 4.63 percent, respectively, leading the advancers in the top 10 stocks in the index.

Shares of Pinduoduo and Trip.com Group slid 2.23 percent and 1.07 percent, respectively, the only two decliners in the top 10 stocks.

Wall Street's major averages ended mixed on Thursday as market sentiment was dented by soaring coronavirus cases in the United States.

The Dow Jones Industrial Average shed 361.19 points, or 1.39 percent, to 25,706.09. The S&P 500 was down 17.89 points, or 0.56 percent, to 3,152.05. The Nasdaq Composite Index increased 55.25 points, or 0.53 percent, to 10,547.75.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, was up 4.2 percent to 29.26.

As of Wednesday, the S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, stood at 4,317.73, marking an 8.85-percent increase for the month-to-date returns and a 36.32-percent gain for the year-to-date returns.
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