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U.S.-listed Chinese firms trade mostly higher

2021-09-18 05:36

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NEW YORK, Sept. 17 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Friday 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 Alibaba Group Holding and Bilibili rose 2.43 percent and 2.37 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of NetEase and Yum China Holdings dipped 1.73 percent and 1.49 percent, respectively, the only two decliners in the top 10 stocks.

U.S. stocks fell on Friday, as market volatility continued on Wall Street.

The Dow Jones Industrial Average slid 166.44 points, or 0.48 percent, to 34,584.88. The S&P 500 decreased 40.76 points, or 0.91 percent, to 4,432.99. The Nasdaq Composite Index was down 137.96 points, or 0.91 percent, to 15,043.97.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, spiked 11.34 percent at 20.81.

As of Thursday, 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 3,582.80, marking a 4.63-percent loss for the month-to-date returns and a 31.42-percent slide for the year-to-date returns.
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