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U.S.-listed Chinese firms trade higher

Xinhua News,NEW YORK
2020-09-02 05:44

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NEW YORK, Sept. 1 (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 TAL Education Group and ZTO Express surged 5.95 percent and 5.19 percent, respectively, leading the gains in the top 10 stocks in the index.

Shares of JD.com and Alibaba Group Holding advanced 4.9 percent and 3.82 percent, respectively, also among the best performers.

U.S. stocks ended higher on Tuesday, fueled by a rally in big tech names.

The Dow Jones Industrial Average jumped 215.61 points, or 0.76 percent, to 28,645.66. The S&P 500 rose 26.34 points, or 0.75 percent, to 3,526.65. The Nasdaq Composite Index advanced 164.21 points, or 1.39 percent, to 11,939.67.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, slipped 1.1 percent to 26.12.

As of Monday, 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 4,404.4, marking a 4.59-percent increase for the month-to-date returns and a 39.06-percent gain for the year-to-date returns.
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