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U.S.-listed Chinese firms trade higher

Xinhua,March 30, 2018 Adjust font size:

NEW YORK, March 29 (Xinhua) -- U.S.-listed Chinese companies traded higher on Thursday, with all top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

Shares of Chinese technology company Sina and Chinese e-commerce giant Alibaba surged 4.55 percent and 2.59 percent, respectively, leading the advancers in the top 10 stocks of the index.

Meanwhile, shares of JD.com, another Chinese e-commerce company listed in the United States, gained 1.20 percent to close at 40.49 U.S. dollars apiece.

As of Wednesday, the S&P U.S. Listed China 50 index stood at 3,023.08, marking a 6.95-percent decline for the month-to-date returns and a 2.20-percent decline for the year-to-date returns.

U.S. stocks rebounded strongly on Thursday as investors digested a batch of generally positive economic reports.

The Dow Jones Industrial Average jumped 254.69 points, or 1.07 percent, to 24,103.11. The S&P 500 increased 35.87 points, or 1.38 percent, to 2,640.87. The Nasdaq Composite Index was up 114.22 points, or 1.64 percent, to 7,063.44. Enditem

 

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