Sat, 08 Aug 2020

U.S.-listed Chinese firms trade higher

Xinhua
03 Jul 2020, 07:44 GMT+10

NEW YORK, July 2 (Xinhua) -- U.S.-listed Chinese companies traded roughly higher on Thursday, 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 TAL Education Group soared 8.84 percent and 4.26 percent, respectively, leading the gains.

Shares of Yum China Holdings and Trip.com Group climbed 3.71 percent and 3.59 percent, respectively, also among the best performers in the top 10 stocks in the index.

Wall Street's major averages ended higher on Thursday, buoyed by better-than-expected U.S. job growth in June.

The Dow Jones Industrial Average advanced 92.39 points, or 0.36 percent, to 25,827.36. The S&P 500 rose 14.15 points, or 0.45 percent, to 3,130.01. The Nasdaq Composite Index was up 53.00 points, or 0.52 percent, to 10,207.63.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 3.35 percent to 27.66.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 3,963.49, marking a 0.08-percent decrease for the month-to-date returns and a 25.14-percent gain for the year-to-date returns.

Sign up for Chicago News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!