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U.S.-listed Chinese firms trade higher

NEW YORK
2022-04-02 06:27

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NEW YORK, April 1 (Xinhua) -- U.S.-listed Chinese companies roughly traded higher on Friday with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.

Shares of Bilibili and NetEase surged 7.97 percent and 6.82 percent, respectively, leading the gains in the top 10 stocks in the index.

Shares of Baidu and Pinduoduo climbed 6.55 percent and 6.33 percent, respectively, also among the best performers in the top 10 stocks.

U.S. stocks rose modestly on Friday as investors parsed the nation's March payrolls data.

The Dow Jones Industrial Average increased 139.92 points, or 0.40 percent, to 34,818.27. The S&P 500 rose 15.45 points, or 0.34 percent, to 4,545.86. The Nasdaq Composite Index was up 40.98 points, or 0.29 percent, to 14,261.50.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 4.52 percent to 19.63.

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 2,348.30, marking a 12.67-percent slide for the March returns and a 21.16-percent loss for the year-to-date returns.
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