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U.S.-listed Chinese firms trade mostly higher

(Xinhua)    14:32, February 26, 2019

NEW YORK, Feb. 25 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Monday with nine 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 SINA Corporation and TAL Education Group climbed 5.15 percent and 4.59 percent, respectively, leading the gainers in the top 10 stocks of the index.

Shares of Ctrip.com International Ltd. and Alibaba Group Holding Limited advanced 3.96 percent and 3.58 percent, respectively, also among the best performers.

Shares of Baidu, Inc., however, slid 1.30 percent, the only decliner in the top 10 stocks of the index.

U.S. stocks ended higher on Monday as market sentiment was lifted by the latest progress on U.S.-China trade talks.

The Dow Jones Industrial Average climbed 60.14 points, or 0.23 percent, to 26,091.95. The S&P 500 was up 3.44 points, or 0.12 percent, to 2,796.11. The Nasdaq Composite Index rose 26.92 points, or 0.36 percent, to 7,554.46.

The Cboe Volatility index, widely considered the best fear gauge in the stock market, rose 9.92 percent to 14.85 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 2,687.86, marking a 4.78-percent increase for the month-to-date returns and a 17.31-percent gain for the year-to-date returns.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Xian Jiangnan, Liang Jun)

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