US-listed Chinese firms trade mostly higher
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E-mail Xinhua, April 6, 2019
U.S.-listed Chinese companies traded mostly higher on Friday with eight 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 NetEase and JD.com rose 3.68 percent and 3.27 percent, respectively, leading the gainers in the top 10 stocks of the index. Ctrip.com International climbed 2.97 percent, also among the best performers.
Shares of 58.com and TAL Education Group slid 1.12 percent and 0.62 percent, the only two decliners in the top 10 stocks of the index.
U.S. stocks extended gains on Friday as market sentiment was boosted by the newly-released strong employment data.
The Dow Jones Industrial Average rose 40.36 points, or 0.15 percent, to 26,424.99. The S&P 500 climbed 13.35 points, or 0.46 percent, to 2,892.74. The Nasdaq Composite Index advanced 46.91 points, or 0.59 percent, to 7,938.69.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 5.6 percent to 12.82 on Friday.
As of Thursday, the S&P U.S. Listed China 50 index stood at 2,971.96, marking a 3.43-percent increase for the month-to-date returns and a 29.71-percent gain for the year-to-date returns.
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