US-listed Chinese firms trade higher

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IANS | 12 Sep, 2019
US-listed Chinese companies traded higher with all of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day with gains.

Shares of Ctrip.com International and 58.com rose 5.71 per cent and 5.08 per cent respectively, leading the gainers in the top 10 stocks of the index on Wednesday, Xinhua news agency reported.

US stocks closed higher on Wednesday, as investors digested a batch of latest data, and strong shares of Apple contributed to daily market gains.

The Dow Jones Industrial Average increased 227.61 points, or 0.85 per cent, to 27,137.04. The S&P 500 rose 21.54 points, or 0.72 per cent, to 3,000.93. The Nasdaq Composite Index rallied 85.52 points, or 1.06 per cent, to 8,169.68.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 3.88 per cent to 14.61 on Wednesday.

As of Tuesday, the S&P US Listed China 50 index stood at 2,865.28, marking a 1.33 per cent increase for the month-to-date returns and a 25.05 per cent gain for the year-to-date returns.