US-listed Chinese firms trade mostly higher
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E-mail Xinhua, January 3, 2019
U.S.-listed Chinese companies traded mostly higher on Wednesday with six of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a upbeat note.
Shares of Baidu and Yum China Holdings rallied 2.30 percent and 2.06 percent respectively, leading the winners in the top 10 stocks of the index.
Shares of BeiGene and TAL education group fell 3.02 percent and 2.59 percent, respectively, leading the laggards.
U.S. stocks ended slightly higher on Wednesday, starting a new year with a fluctuant trading day, as gains in tech and energy stocks eased concerns over global economic slowdown.
The Dow Jones Industrial Average closed 18.78 points, or 0.08 percent, higher to 23,346.24. The S&P 500 edged 3.18 points, or 0.13 percent, higher to 2,510.03. The Nasdaq Composite Index rallied 30.66 points, or 0.46 percent, to 6,665.94.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, dropped 8.65 percent to 23.22 on Wednesday.
As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,291.31, marking a 9.54-percent decrease for the month-to-date returns and a 25.87-percent loss for the year-to-date returns.
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