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U.S.-listed Chinese firms trade roughly flat

(Xinhua)    09:19, January 07, 2020

NEW YORK, Jan. 6 (Xinhua) -- U.S.-listed Chinese companies traded roughly flat on Monday with five 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 TAL Education Group and Baidu rose 2.16 percent and 1.60 percent, respectively, leading the gainers in the top 10 stocks in the index.

Pinduoduo and Trip.com Group slid 1.96 percent and 1.35 percent, respectively, leading the decliners in the top 10 stocks in the index.

U.S. stocks reversed earlier losses to finish Monday's session higher, boosted by solid gains in major tech shares.

The Dow Jones Industrial Average rose 68.50 points, or 0.24 percent, to 28,703.38. The S&P 500 was up 11.43 points, or 0.35 percent, to 3,246.28. The Nasdaq Composite Index increased 50.70 points, or 0.56 percent, to 9,071.46.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, dropped 1.21 percent to 13.85 on Monday.

As of Friday, the S&P U.S. Listed China 50 index stood at 3,314.76, marking a 4.66-percent increase for the month-to-date returns and a 4.66-percent gain for the year-to-date returns. Enditem

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

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