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

U.S.-listed Chinese companies traded mostly higher on Tuesday, with eight 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 Chinese e-commerce company JD.com and shares of New Oriental Education & Technology Group Inc. gained 2.63 percent and 1.76 percent respectively, the advancers among the 10 stocks.

Shares of another Chinese e-commerce giant Alibaba added 0.48 percent to close at 179.50 U.S. dollars apiece.

As of Monday, the S&P U.S. Listed China 50 index stood at 3,061.57, marking a 0.71-percent decrease for the month-to-date returns and a 0.95-percent loss for the year-to-date returns.

U.S. stocks ended mixed on Tuesday as investors digested a slew of corporate earnings reports as well as major economic data.

The Dow Jones Industrial Average fell 64.10 points, or 0.27 percent, to 24,099.05. The S&P 500 increased 6.75 points, or 0.25 percent, to 2,654.80. The Nasdaq Composite Index added 64.44 points, or 0.91 percent, to 7,130.70.


(www.chinaview.cn 2018-05-02)
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