U.S.-listed Chinese firms trade mostly higher
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E-mail Xinhua, October 13, 2018
U.S.-listed Chinese companies traded mostly higher on Friday with 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 Ctrip and TAL Education rose 9.96 percent and 6.33 percent respectively, leading the advancers.
U.S. stocks rebounded on Friday as the fears over rising interest rates eased and earnings reports turned out to be better than expected.
The Dow Jones Industrial Average rose 287.16 points, or 1.15 percent, to 25,339.99. The S&P 500 was up 38.76 points, or 1.42 percent, to 2,767.13. The Nasdaq Composite Index increased 167.83 points, or 2.29 percent, to 7,496.89.
As of Thursday, the S&P U.S. Listed China 50 index stood at 2,433.20, marking a 12.53-percent decrease for the month-to-date returns and a 21.28-percent loss for the year-to-date returns.
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