U.S.-listed Chinese firms trade mostly higher

2020-09-29 09:16:08 GMT2020-09-29 17:16:08(Beijing Time) Xinhua English

NEW YORK, Sept. 28 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Monday, with nine of 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 Trip.com Group and ZTO Express surged 6.14 percent and 4.82 percent, respectively, leading the gainers in the top 10 stocks in the index.

NetEase shares slipped 1.74 percent, the only decliner in the top 10 stocks.

U.S. stocks finished noticeably higher on Monday as market sentiment was lifted by hopes for a deal on a fresh coronavirus aid package.

The Dow Jones Industrial Average jumped 410.10 points, or 1.51 percent, to 27,584.06. The S&P 500 rose 53.14 points, or 1.61 percent, to 3,351.60. The Nasdaq Composite Index rallied 203.96 points, or 1.87 percent, to 11,117.53.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, fell 0.72 percent to 26.19.

As of Friday, 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 4,178.61, marking a 5.13-percent loss for the month-to-date returns and a 31.93-percent gain for the year-to-date returns. 

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