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U.S.-listed Chinese firms trade higher

Abstract : U.S.-listed Chinese companies roughly traded higher on Wednesday 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.

NEW YORK, Dec. 30 (Xinhua) — U.S.-listed Chinese companies roughly
traded higher on Wednesday 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 Baidu and New Oriental Education & Technology Group
soared 12.59 percent and 7.86 percent, respectively, leading the gains
in the top 10 stocks in the index.

Shares of Pinduoduo and NIO advanced 7.77 percent and 4.85 percent, respectively, also among the best performers.

U.S. stocks ended higher on Wednesday, underpinned by solid gains in energy sector.

The Dow Jones Industrial Average increased 73.89 points, or 0.24
percent, to 30,409.56. The S&P 500 was up 5.00 points, or 0.13
percent, to 3,732.04. The Nasdaq Composite Index rose 19.78 points, or
0.15 percent, to 12,870.00.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dipped 1.47 percent to 22.74.

As of Tuesday, 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 5,000.43, marking
a 2.34-percent rise for the month-to-date returns and a 57.88-percent
gain for the year-to-date returns. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: U.S.-listed Chinese firms trade higher

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