U.S.-listed Chinese firms trade mostly higher

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NEW YORK, June 19 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Wednesday with eight 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 TAL Education Group rose 5.38 percent and 2.17 percent respectively, leading the gainers in the top 10 stocks of the index.

Shares of NetEase and Alibaba Group Holding declined 2.32 percent and 0.03 percent respectively, the only two losers in the top 10 stocks of the index.

U.S. stocks ended higher on Wednesday, as Wall Street digested the U.S. Federal Reserve's latest stance on interest rate after a two-day policy meeting.

The Dow Jones Industrial Average was up 38.46 points, or 0.15 percent, to 26,504.00. The S&P 500 increased 8.71 points, or 0.30 percent, to 2,926.46. The Nasdaq Composite Index rose 33.44 points, or 0.42 percent, to 7,987.32.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 5.41 percent to 14.33 on Wednesday.

As of Monday, the S&P U.S. Listed China 50 index stood at 2,717.87, marking a 7.76-percent increase for the month-to-date returns and a 18.62-percent gain for the year-to-date returns. Enditem

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