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U.S.-listed Chinese Firms Trade Mostly Higher - June 1
 

U.S.-listed Chinese companies traded mostly higher on Friday, with 9 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 and shares of JD.com jumped 3.26 percent and 2.59 percent respectively, leading the advancers in the top 10 stocks of the index, while shares of Ctrip.Com International was unchanged at 45.09 U.S. dollars apiece at Friday's close.

At Friday's close, shares of Baidu, another Chinese famous tech giant listed in the U.S. equity market, rose 2.43 percent to 248.46 dollars apiece.

U.S. stocks closed higher on Friday as investors digest the country's strong jobs report for May.

At the close, the Dow Jones Industrial Average rose 219.37 points, or 0.90 percent, to 24,635.21. The S&P 500 was up 29.35 points, or 1.08 percent, to 2,734.62. The Nasdaq Composite Index added 112.21 points, or 1.51 percent, to 7,554.33.

As of Thursday, the S&P U.S. Listed China 50 index stood at 3,194.47, marking a 4.34-percent gain for the month-to-date returns and a 3.35-percent increase for the year-to-date returns.


(www.chinaview.cn 2018-06-04)
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