Half of top 10 U.S.-listed Chinese firms close higher

0 Comment(s)Print E-mail Xinhua, November 6, 2019
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NEW YORK, Nov. 5 (Xinhua) -- Five of the top 10 U.S.-listed Chinese firms' stocks by weight in the S&P U.S. Listed China 50 index extended gains on Tuesday.

Shares of Pinduoduo and Yum China Holdings rose 2.35 percent and 1.62 percent, respectively, leading the gainers in the top 10 stocks of the index.

Shares of NetEase and Baidu lost 4.45 percent and 1.43 percent, respectively, leading the losers in the top 10 stocks of the index.

U.S. stocks closed mixed on Tuesday, with the Dow hitting a new record with mild gains, as investors digested a set of upbeat data and the market was buoyed by continued hopes for improving U.S.-China trade ties.

The Dow Jones Industrial Average increased 30.52 points, or 0.11 percent, to 27,492.63. The S&P 500 decreased 3.65 points, or 0.12 percent, to 3,074.62. The Nasdaq Composite Index rose 1.48 points, or 0.02 percent, to 8,434.68.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, increased 2.1 percent to 13.1 on Tuesday.

As of Monday, the S&P U.S. Listed China 50 index stood at 3,033.10, marking a 4.78-percent increase for the month-to-date returns and a 32.37-percent gain for the year-to-date returns. Enditem

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