Sat, 04 Jul 2020

U.S.-listed Chinese firms trade roughly higher

30 May 2020, 07:05 GMT+10

NEW YORK, May 29 (Xinhua) -- U.S.-listed Chinese companies traded roughly higher on Friday, with all 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 Pinduoduo and soared 10.79 percent and 6.49 percent, respectively, leading the gains in the top 10 stocks in the index.

Shares of Group and ZTO Express rose 4.85 percent and 4.69 percent, respectively, also among the best performers.

U.S. stocks closed mixed on Friday as Wall Street pored through a slew of economic data.

The Dow Jones Industrial Average fell 17.53 points, or 0.07 percent, to 25,383.11. The S&P 500 increased 14.58 points, or 0.48 percent, to 3,044.31. The Nasdaq Composite Index was up 120.88 points, or 1.29 percent, to 9,489.87.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, slipped 3.78 percent to 27.51.

As of Thursday, the S&P U.S. Listed China 50 index stood at 3,384.88, marking a 4.69-percent increase for the month-to-date returns and a 6.87-percent gain for the year-to-date returns.

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