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U.S.-listed Chinese firms trade mostly higher

2021-07-30 04:36

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NEW YORK, July 29 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday 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 and NIO increased 2.35 percent and 1.86 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Bilibili and Group slipped 3.44 percent and 0.89 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks finished higher on Thursday as investors parsed the nation's gross domestic product (GDP) data and jobless claims numbers.

The Dow Jones Industrial Average rose 153.60 points, or 0.44 percent, to 35,084.53. The S&P 500 added 18.51 points, or 0.42 percent, to 4,419.15. The Nasdaq Composite Index was up 15.68 points, or 0.11 percent, to 14,778.26.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 3.33 percent to 17.70.

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 3,872.30, marking a 19.39-percent loss for the month-to-date returns and a 25.88-percent slide for the year-to-date returns.
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