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U.S.-listed Chinese firms trade mostly higher

Source: Xinhua| 2018-06-27 05:32:43|Editor: huaxia
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NEW YORK, June 26 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Tuesday, with seven of the 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

Shares of Yum China Holdings and shares of TAL Education Group rose 1.48 percent and 0.89 percent respectively, leading the advancers in the top 10 stocks of the index, while shares of BeiGene fell 2.84 percent as the biggest laggard in the 10 stocks.

At Tuesday's close, shares of Alibaba and shares of JD.com, another two Chinese tech giants listed in the U.S. equity market, rose 0.12 percent and 0.74 percent respectively.

U.S. stocks ended higher on Tuesday as investors digested a batch of corporate news and economic data.

At the close, the Dow Jones Industrial Average rose 30.31 points, or 0.12 percent, to 24,283.11. The S&P 500 increased 5.99 points, or 0.22 percent, to 2,723.06. The Nasdaq Composite Index was up 29.62 points, or 0.39 percent, to 7,561.63.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, dropped 6.75 percent to 16.16 on Tuesday.

As of Monday, the S&P U.S. Listed China 50 index stood at 3,212.88, marking a 0.58-percent gain for the month-to-date returns and a 3.94-percent increase for the year-to-date returns. Enditem

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