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US-listed Chinese firms trade mostly higher

Xinhua | Updated: 2020-09-16 11:09

American flags fly outside the New York Stock Exchange on April 13, 2020. [Photo/Xinhua]

NEW YORK -- US-listed Chinese companies traded mostly higher on Tuesday, 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.

Shares of NetEase and New Oriental Education & Technology Group rose 2.58 percent and 2.39 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Pinduoduo and Trip.com Group slid 3.08 percent and 1.29 percent, respectively, leading the laggards in the top 10 stocks.

US stocks finished higher on Tuesday as Wall Street paid close attention to a key meeting by the Federal Reserve.

The Dow Jones Industrial Average rose 2.27 points, or 0.01 percent, to 27,995.60. The S&P 500 climbed 17.66 points, or 0.52 percent, to 3,401.20. The Nasdaq Composite Index jumped 133.67 points, or 1.21 percent, to 11,190.32.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 1.01 percent to 25.59.

As of Monday, the S&P US Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on US exchanges by total market cap, stood at 4,259.6, marking a 3.29-percent loss for the month-to-date returns and a 34.49-percent gain for the year-to-date returns.

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