U.S.-listed Chinese firms trade mostly higher

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NEW YORK, Oct. 19 (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 Bilibili and Alibaba Group Holding surged 7.62 percent and 6.1 percent, respectively, leading the advancers in the top 10 stocks in the index.

Shares of Trip.com Group dipped 1.7 percent, the lone decliner in the top 10 stocks.

U.S. stocks finished higher on Tuesday, boosted by a slew of positive earnings reports.

The Dow Jones Industrial Average rose 198.70 points, or 0.56 percent, to 35,457.31. The S&P 500 increased 33.17 points, or 0.74 percent, to 4,519.63. The Nasdaq Composite Index jumped 107.28 points, or 0.71 percent, to 15,129.09.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 3.74 percent to 15.7.

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 3,749.36, marking an 8.83-percent gain for the month-to-date returns and a 28.24-percent slide for the year-to-date returns. Enditem

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