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U.S.-listed Chinese firms trade mostly higher

NEW YORK
2022-03-29 10:46

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NEW YORK, March 28 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Monday 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 NIO and Bilibili advanced 6.53 percent and 3.67 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Pinduoduo and JD.com fell 1.29 percent and 0.25 percent,respectively, the only two decliners in the top 10 stocks.

U.S. stocks climbed on Monday as Wall Street is awaiting a slew of key economic readings.

The Dow Jones Industrial Average rose 94.65 points, or 0.27 percent, to 34,955.89. The S&P 500 added 32.46 points, or 0.71 percent, to 4,575.52. The Nasdaq Composite Index increased 185.60 points, or 1.31 percent, to 14,354.90.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, slid 5.67 percent to 19.63.

As of Friday, 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 2,425.44, marking a 9.8-percent slide for the month-to-date returns and an 18.57-percent loss for the year-to-date returns.
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