US-listed Chinese firms trade higher

0 Comment(s)Print E-mail Xinhua, October 6, 2021
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U.S.-listed Chinese companies roughly traded higher on Tuesday with all 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 Bilibili and Group climbed 4.05 percent and 3.63 percent, respectively, leading the gains in the top 10 stocks in the index.

Shares of ZTO Express and advanced 3.39 percent and 3.18 percent, respectively, also among the best performers in the top 10 stocks.

U.S. stocks finished higher, reclaiming some of the losses they had suffered in the prior session.

The Dow Jones Industrial Average rose 311.75 points, or 0.92 percent, to 34,314.67. The S&P 500 increased 45.26 points, or 1.05 percent, to 4,345.72. The Nasdaq Composite Index rallied 178.35 points, or 1.25 percent, to 14,433.83.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 7.23 percent to 21.30.

As of Monday, the S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, stood at 3,292.99, marking a 4.42-percent loss for the month-to-date returns and a 36.97-percent slide for the year-to-date returns. 

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