U.S.-listed Chinese firms trade higher
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E-mail Xinhua, April 13, 2019
NEW YORK, April 12 (Xinhua) -- U.S.-listed Chinese companies traded higher on Friday with all 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 58.com and Alibaba Group Holding Limited rose 2.63 percent and 2.12 percent, respectively, leading the winners in the top 10 stocks of the index.
U.S. stocks ended higher on Friday, as the market cheered a batch of ebullient corporate news, including JP Morgan Chase's robust earnings, Disney's new streaming service and a massive acquisition deal in the energy sector.
The Dow Jones Industrial Average rose 269.25 points, or 1.03 percent, to 26,412.30. The S&P 500 was up 19.09 points, or 0.66 percent, to 2,907.41. The Nasdaq Composite Index increased 36.80 points, or 0.46 percent, to 7,984.16.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 7.76 percent to 12.01 on Friday.
As of Thursday, the S&P U.S. Listed China 50 index stood at 2,952.37, marking a 2.75-percent increase for the month-to-date returns and a 28.85-percent gain for the year-to-date returns. Enditem
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