U.S. -listed Chinese firms trade mostly lower
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E-mail Xinhua, January 11, 2019
NEW YORK, Jan. 10 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Thursday with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
Shares of New Oriental and NetEase erased 1.57 percent and 1.27 percent respectively, leading the laggards in the top 10 stocks of the index.
Shares of Baidu and TAL Education rose 1.03 percent and 0.24 percent respectively, the only two advancers in the top 10 stocks of the index.
U.S. stocks closed higher on Thursday despite disappointing holiday sales and revenue guidance from big retail and airline names.
The Dow Jones Industrial Average rose 122.80 points, or 0.51 percent, to 24,001.92. The S&P 500 rose 11.68 points, or 0.45 percent, to 2,596.64. The Nasdaq Composite Index increased 28.99 points, or 0.42 percent, to 6,986.07.
As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,481.75, marking an 8.31-percent increase for both the month-to-date returns and the year-to-date returns. Enditem
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