NEW YORK, May 3 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Friday 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 Ctrip.com International gained 2.53 percent and 2.06 percent, respectively, leading the advancers in the top 10 stocks of the index. Stocks of both NetEase and 58.com were up more than 1 percent, also among the best performers.
Shares of New Oriental Education & Technology Group and TAL Education Group, dipped 0.45 percent and 0.20 percent, respectively, the only two decliners in the top 10 stocks of the index. ZTO Express stock closed flat.
U.S. stocks rallied on Friday as market sentiment was fueled by the better-than-expected jobs data released in the morning. U.S. total nonfarm payroll employment increased by 263,000 in April, beating market expectation.
The Dow Jones Industrial Average jumped 197.16 points, or 0.75 percent, to 26,504.95. The S&P 500 rose 28.11 points, or 0.96 percent, to 2,945.63. The Nasdaq Composite Index climbed 127.22 points, or 1.58 percent, to 8,164.00.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, fell 10.75 percent to 12.87 on Friday.
As of Thursday, the S&P U.S. Listed China 50 index stood at 3,013.24, marking a 0.08-percent decrease for the month-to-date returns and a 31.51-percent gain for the year-to-date returns. Enditem
