BUSINESS US-listed Chinese firms trade mostly higher

BUSINESS

US-listed Chinese firms trade mostly higher

Xinhua

09:13, June 09, 2020

NEW YORK, June 8 (Xinhua) -- US-listed Chinese companies traded mostly higher on Monday, with six of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day on an upbeat note.

wall street.jpg

File photo by AFP

Shares of Yum China Holdings and Baidu rose 3.56 percent and 2.3 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of NetEase and Pinduoduo slid 3.82 percent and 1.99 percent, respectively, leading the laggards in the top 10 stocks.

US stocks ended higher on Monday, boosted by rallying energy sector.

The Dow Jones Industrial Average jumped 461.46 points, or 1.70 percent, to 27,572.44. The S&P 500 increased 38.46 points, or 1.20 percent, to 3,232.39. The Nasdaq Composite Index was up 110.66 points, or 1.13 percent, to 9,924.74.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 5.26 percent to 25.81.

As of Friday, the S&P U.S. Listed China 50 index stood at 3,802.47, marking a 7.9-percent increase for the month-to-date returns and a 20.06-percent gain for the year-to-date returns. Enditem

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue