U.S.-listed Chinese firms trade mostly higher
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E-mail Xinhua, April 19, 2019
NEW YORK, April 18 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday with seven 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 Yum China Holdings and Ctrip.com International gained 2.03 percent and 1.09 percent, respectively, leading the advancers in the top 10 stocks of the index.
Shares of TAL Education Group and NetEase slid 1.62 percent and 0.85 percent, respectively, leading the laggards in the top 10 stocks of the index.
U.S. stocks advanced on Thursday as Wall Street cheered a slew of strong earnings reports and the upbeat retail sales data.
The Dow Jones Industrial Average increased 110.00 points, or 0.42 percent, to 26,559.54. The S&P 500 climbed 4.58 points, or 0.16 percent, to 2,905.03. The Nasdaq Composite Index rose 1.98 points, or 0.02 percent, to 7,998.06.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 4.05 percent to 12.09 on Thursday.
As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,928.10, marking a 1.90-percent increase for the month-to-date returns and a 27.79-percent gain for the year-to-date returns. Enditem
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