U.S.-listed Chinese firms trade mostly higher

Xinhua News Agency | Aug 15, 2019 at 9:53 PM

NEW YORK, Aug. 15 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Thursday with seven 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 Alibaba Group Holding and Yum China Holdings rose 3.03 percent and 1.87 percent respectively, leading the gainers in the top 10 stocks of the index.

Shares of NetEase and Baidu fell 2.83 percent and 0.53 percent respectively, leading the losers in the top 10 stocks of the index.

U.S. stocks closed mixed on Thursday, as Wall Street digested a batch of mixed data, including reports of strong consumer spending in July.

The Dow Jones Industrial Average rose 99.97 points, or 0.39 percent, to 25,579.39. The S&P 500 increased 7.00 points, or 0.25 percent, to 2,847.60. The Nasdaq Composite Index fell 7.32 points, or 0.09 percent, to 7,766.62.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 4.16 percent to 21.18 on Thursday.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,597.94, marking a 3.96-percent decrease for the month-to-date returns and a 13.38-percent gain for the year-to-date returns.