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U.S.-listed Chinese firms trade roughly flat

Xinhua News,NEW YORK
2020-03-20 05:09

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U.S.-listed Chinese companies traded roughly flat on Thursday, with five 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 NetEase and Baidu jumped 7.67 percent and 7.18 percent, respectively, leading the gainers in the top 10 stocks.

Shares of TAL Education Group and ZTO Express slid 3.1 percent and 2.9 percent, respectively, leading the laggards in the top 10 stocks.

U.S. stocks closed higher on Thursday, amid solid gains in energy and tech shares.

The Dow Jones Industrial Average rose 188.27 points, or 0.95 percent, to 20,087.19. The S&P 500 was up 11.29 points, or 0.47 percent, to 2,409.39. The Nasdaq Composite Index increased 160.73 points, or 2.30 percent, to 7,150.58.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 5.82 percent to 72 on Thursday.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,719.06, marking a 13.81-percent decrease for the month-to-date returns and a 14.15-percent decline for the year-to-date returns.
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