US-listed Chinese firms trade mostly higher

0 Comment(s)Print E-mail Xinhua, February 6, 2019
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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 and Yum China Holdings jumped 4.65 percent and 3.24 percent, respectively, leading the gainers in the top 10 stocks of the index.

Stock of Alibaba Group Holding Limited rose 3.08 percent, also among the best performers.

Shares of BeiGene, Ltd retreated 0.08 percent, the only decliner in the top 10 stocks of the index.

U.S. stocks rose on Tuesday as Wall Street cheered a slew of upbeat corporate results amid the ongoing earnings season.

The Dow Jones Industrial Average rose 172.15 points, or 0.68 percent, to 25,411.52. The S&P 500 increased 12.83 points, or 0.47 percent, to 2,737.70. The Nasdaq Composite Index was up 54.55 points, or 0.74 percent, to 7,402.08.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 1.02 percent to 15.57 on Tuesday.

As of Monday, the S&P U.S. Listed China 50 index stood at 2,591.90, marking a 1.03-percent increase for the month-to-date returns and a 13.12-percent gain for the year-to-date returns.

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