U.S.-listed Chinese firms trade mostly higher

Source: Xinhua| 2021-11-17 05:47:39|Editor: huaxia

NEW YORK, Nov. 16 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Tuesday 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 Bilibili and Pinduoduo rose 4.3 percent and 2.83 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Trip.com Group slipped 2.92 percent, the lone decliner in the top 10 stocks.

U.S. stocks advanced on Tuesday, bolstered by better-than-expected economic data.

The Dow Jones Industrial Average increased 54.77 points, or 0.15 percent, to 36,142.22. The S&P 500 rose 18.10 points, or 0.39 percent, to 4,700.90. The Nasdaq Composite Index jumped 120.01 points, or 0.76 percent, to 15,973.86.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 0.73 percent to 16.37.

As of Monday, 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 3,746.9, marking a 4.35-percent gain for the month-to-date returns and a 28.28-percent slide for the year-to-date returns. Enditem

KEY WORDS: US,Chinese firms,Stock
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