ZCZC
BCN-18
US-CHINA-FIRMS-TRADE
U.S.-listed Chinese firms trade mostly higher
NEW YORK, Sept. 22, 2018 (BSS/Xinhua) – U.S.-listed Chinese companies
traded mostly higher on Thursday 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 NetEase, Inc. and SINA Corporation advanced 4.15 percent and 3.46
percent, respectively, leading the top 10 stocks of the index.
Shares of BeiGene, Ltd. declined 0.37 percent, the only loser in the top 10
stocks of the index.
U.S. stocks rallied on Thursday as investors digested a batch of economic
data.
The Dow Jones Industrial Average soared 251.22 points, or 0.95 percent, to
26,656.98. The S&P 500 increased 22.80 points, or 0.78 percent, to 2,930.75.
The Nasdaq Composite Index climbed 78.19 points, or 0.98 percent, to
8,028.23.
The Cboe Volatility index, widely considered the best fear gauge in the
stock market, increased 0.43 percent to 11.80 on Thursday.
As of Wednesday, the S&P U.S. Listed China 50 index stood at 2,752.97,
marking a 5.25-percent decrease for the month-to-date returns and a 10.94-
percent loss for the year-to-date returns.
BSS/XINHUA/HR/1125