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U.S.-listed Chinese firms trade mostly higher

Source: Xinhua| 2018-12-28 07:29:17|Editor: huaxia
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NEW YORK, Dec. 27 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday with seven 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 BeiGene, Ltd. and JD.com advanced 2.98 percent and 2.84 percent, respectively, leading the winners in the top 10 stocks of the index.

Shares of SINA Corporation and TAL Education Group declined 1.65 percent and 1.24 percent, respectively, leading the laggards in the top 10 stocks of the index.

U.S. stocks staged a late-day comeback and closed higher in volatile trading on Thursday as investors digested a slew of economic data.

The Dow Jones Industrial Average jumped 260.37 points, or 1.14 percent, to 23,138.82. The S&P 500 rose 21.13 points, or 0.86 percent, to 2,488.83. The Nasdaq Composite Index was up 25.14 points, or 0.38 percent, to 6,579.49.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, dropped 1.48 percent to 29.96 on Thursday.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,316.93, marking an 8.53-percent decrease for the month-to-date returns and a 25.04-percent loss for the year-to-date returns. Enditem

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