U.S.-listed Chinese firms trade mostly higher

Source: Xinhua| 2019-03-19 06:01:53|Editor: huaxia
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NEW YORK, March 18 (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 New Oriental Education & Technology Group advanced 2.59 percent, leading the gainers in the top 10 stocks of the index.

Both Ctrip.com International and TAL Education Group rose more than 1 percent, also among the best performers in the top 10 stocks of the index.

Shares of BeiGene, Ltd. fell 0.77 percent, the only decliner in the top 10 stocks of the index.

U.S. stocks advanced on Monday as investors were awaiting a key Federal Reserve meeting, but the gains were capped by struggling Boeing and Facebook stocks.

The Dow Jones Industrial Average climbed 65.23 points, or 0.25 percent, to 25,914.10. The S&P 500 was up 10.46 points, or 0.37 percent, to 2,832.94. The Nasdaq Composite Index rose 25.95 points, or 0.34 percent, to 7,714.48.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, increased 1.71 percent to 13.10 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,790.83, marking a 2.05-percent increase for the month-to-date returns and a 21.80 -percent gain for the year-to-date returns. Enditem

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