U.S.-listed Chinese firms trade mostly higher
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E-mail Xinhua, February 5, 2019
U.S.-listed Chinese companies traded mostly higher on Monday with six 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 Baidu and New Oriental Education & Technology Group rose 1.56 percent and 1.44 percent, respectively, leading the gainers in the top 10 stocks of the index.
Shares of JD.com and SINA Corporation slid 1.38 percent and 1.28 percent, respectively, leading the laggards in the top 10 stocks of the index.
U.S. stocks gained on Monday as major tech shares rallied, bolstering the market.
The Dow Jones Industrial Average advanced 175.48 points, or 0.70 percent, to 25,239.37. The S&P 500 was up 18.34 points, or 0.68 percent, to 2,724.87. The Nasdaq Composite Index rose 83.67 points, or 1.15 percent, to 7,347.54.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 2.54 percent to 15.73 on Monday.
As of Friday, the S&P U.S. Listed China 50 index stood at 2,585.15, marking a 0.77-percent increase for the month-to-date returns and a 12.82-percent gain for the year-to-date returns.
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