U.S.-listed Chinese firms trade mostly higher

Source: Xinhua| 2019-03-26 07:27:21|Editor: huaxia
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NEW YORK, March 25 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Monday with eight 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 and TAL Education Group rose 4.11 percent and 2.87 percent, respectively, leading the gainers in the top 10 stocks of the index.

Shares of Yum China Holdings and 58.com fell 0.30 percent and 0.11 percent, respectively, the only two decliners in the top 10 stocks of the index.

U.S. stocks ended mixed on Monday, amid persistent fears of a downturn in global economic growth and a sign of relief for the market due to the newly-released Muller report, which claimed no evidence of U.S. President Donald Trump and his campaign's collusion with Russia.

The Dow Jones Industrial Average increased 14.51 points, or 0.06 percent, to 25,516.83. The S&P 500 was down 2.35 points, or 0.08 percent, to 2,798.36. The Nasdaq Composite Index decreased 5.13 points, or 0.07 percent, to 7,637.54.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, decreased 0.91 percent to 16.33 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,727.29, marking a 0.27-percent decrease for the month-to-date returns and a 19.03-percent gain for the year-to-date returns. Enditem