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U.S.-listed Chinese firms trade mostly higher

Xinhua News,NEW YORK
2020-03-05 05:56

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U.S.-listed Chinese companies traded mostly higher on Wednesday with nine 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 ZTO Express and JD.com jumped 6 percent and 5.91 percent, respectively, leading the gainers in the top 10 stocks.

TAL Education Group fell 1.05 percent, the only decliner in the top 10 stocks in the index.

U.S. stocks soared on Wednesday with the Dow up more than 1,100 points, as the health care sector led the gains.

The Dow Jones Industrial Average finished up 1173.45 points, or 4.53 percent, to 27,090.86. The S&P 500 climbed 126.75 points, or 4.22 percent, to 3,130.12. The Nasdaq Composite Index went up 334 points, or 3.85 percent, to 9,018.09.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, dropped 13.12 percent to 31.99 on Wednesday.

As of Tuesday, the S&P U.S. Listed China 50 index stood at 3,211.75, marking a 1.8-percent increase for the month-to-date returns and a 1.41-percent increase for the year-to-date returns.
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