US-listed Chinese firms trade mostly higher
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E-mail Xinhua, February 12, 2019
U.S.-listed Chinese companies traded mostly higher on Monday, with nine 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 TAL Education Group and BeiGene sharply rose 3.91 percent and 2.30 percent respectively after market close, leading the winners.
Shares of Baidu fell 1.08 percent, the only loser in the top 10 stocks of the index.
U.S. stocks traded mixed on Monday, as market sentiments were mixed due to rising hopes on global trade and concerns over bipartisan talks to avert another U.S. government shutdown.
The Dow Jones Industrial Average slid 53.22 points, or 0.21 percent, to 25,053.11. The S&P 500 was up 1.92 points, or 0.07 percent, to 2,709.80. The Nasdaq Composite Index rose 9.71 points, or 0.13 percent, to 7,307.90.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, rose 3.82 percent to 16.32 on Monday.
As of Friday, the S&P U.S. Listed China 50 index stood at 2,571.13, marking a 0.22-percent increase for the month-to-date returns and a 12.21-percent gain for the year-to-date returns.
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