U.S.-listed Chinese firms trade mostly higher

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NEW YORK, Sept. 22 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Tuesday, with seven of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day higher.

Delivery platform ZTO Express and electric vehicle maker NIO led the gainers by increasing 4.18 percent and 2.18 percent, respectively.

Meanwhile, the shares of New Oriental Education and Technology Group, Chinese search engine Baidu and e-commerce platform JD.com declined.

U.S. stocks rebounded on Tuesday amid policy reassurance from a top Fed official following meaningful losses in the previous three sessions.

The Dow Jones Industrial Average picked up 140.48 points, or 0.52 percent, to 27,288.18. The S&P 500 moved up 34.51 points, or 1.05 percent, to 3,315.57. The Nasdaq Composite Index advanced 184.84 points, or 1.71 percent, to 10,963.64.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 3.31 percent to 26.86.

As of Monday, the S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, stood at 4,188.07, marking a 4.91-percent loss for the month-to-date returns and a 32.23-percent gain for the year-to-date returns. Enditem

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