U.S.-listed Chinese firms trade mostly higher
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E-mail Xinhua, January 18, 2019
NEW YORK, Jan. 17 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday with six 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 Ctrip.com International, Ltd. and Yum China Holdings, Inc. rose 1.67 percent and 1.40 percent, respectively, leading the gainers in the top 10 stocks of the index.
Shares of Baidu and JD.com dipped 0.97 percent and 0.85 percent, respectively, leading the laggards in the top 10 stocks of the index.
U.S. stocks rose on Thursday as Wall Street awaited the latest quarterly results from online streaming giant Netflix while digesting a slew of economic data.
The Dow Jones Industrial Average jumped 162.94 points, or 0.67 percent, to 24,370.10. The S&P 500 was up 19.86 points, or 0.76 percent, to 2,635.96. The Nasdaq Composite Index rose 49.77 points, or 0.71 percent, to 7,084.46.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 5.15 percent to 18.06 on Thursday.
As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,454.68, marking a 7.13-percent increase for the month-to-date returns and a 7.13-percent gain for the year-to-date returns. Enditem
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