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U.S.-listed Chinese Firms Trade Mostly Higher - May 18
 

U.S.-listed Chinese companies traded mostly higher on Friday, with six 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 Chinese bio-pharmaceutical company BeiGene, Ltd., surged 2.88 percent to close at 194.55 U.S. dollars apiece, the biggest advancer among the 10 stocks. Meanwhile, stocks of Baidu, a Chinese famous tech giant, the biggest laggard, lost 9.54 percent in market closing.

U.S. stocks ended mixed on Friday as investors were digesting the latest corporate earnings as well as the ongoing trade talks between China and the United States.

The Dow Jones Industrial Average added 1.11 points, mostly unchanged, to 24,715.09. The S&P 500 erased 7.16 points, or 0.26 percent, to 2,712.97. The Nasdaq Composite Index was down 28.13 points, or 0.38 percent, to 7,354.34.

The CBOE Volatility Index, widely considered the best fear gauge in the stock market, decreased 0.074 percent to 13.42 on Friday.

As of Thursday, the S&P U.S. Listed China 50 index stood at 3,168.75 marking a 3.50-percent increase for the month-to-date returns and a 2.51-percent up for the year-to-date returns.


(www.chinaview.cn 2018-05-21)
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