U.S.-listed Chinese companies traded mostly higher

NEW YORK, May 23 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Wednesday, with seven of all top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a upbeat note.

Shares of New Oriental Education & Technology Group Inc. soared 5.03 percent to close at 101.34 U.S. dollars apiece, the biggest advancer among the 10 stocks. Meanwhile, stocks of Chinese technology company NetEase, Inc., the biggest laggard, lost 1.21 percent in market closing.

Shares of Chinese e-commerce giant Alibaba added 0.47 percent to close at 196.80 U.S. dollars apiece on Monday.

As of Tuesday, the S&P U.S. Listed China 50 index stood at 3,135.61, marking a 2.42-percent increase for the month-to-date returns and a 1.44-percent gain for the year-to-date returns.

U.S. stocks ended higher on Wednesday as investors were sifting through the latest Federal Reserve minutes.

The Dow rose 0.21 percent to 24,886.81, and the S&P 500 increased 0.32 percent to 2,733.29, while the Nasdaq rose 0.64 percent to 7,425.96. Enditem