U.S.-listed Chinese firms trade mostly higher

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NEW YORK, Oct. 20 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Tuesday, with nine 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 New Oriental Education & Technology Group and Pinduoduo surged 5.99 percent and 5.85 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Trip.com Group fell 0.36 percent, the lone decliner in the top 10 stocks.

Wall Street's major averages finished higher on Tuesday as investors pinned hopes on the agreement over a new U.S. COVID-19 relief package.

The Dow Jones Industrial Average rose 113.37 points, or 0.40 percent, to 28,308.79. The S&P 500 was up 16.20 points, or 0.47 percent, to 3,443.12. The Nasdaq Composite Index increased 37.61 points, or 0.33 percent, to 11,516.49.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 0.58 percent to 29.35.

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 4,436.28, marking a 3.43-percent increase for the month-to-date returns and a 40.07-percent gain for the year-to-date returns. Enditem

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